A Blog of Commentary and Ideas from an FXstreet Premium Member by 
Greetings, Everyone and Welcome to Monday!
We begin the Week, as we mentioned yesterday, with that continual “Push and Pull” on an IntraDay basis of Risk Aversion and Risk Appetite that we have been working through for months now.
Crude and Gold are up and slightly overextended on The Hourly Views, and the Dow and S& P are up a bit as of Writing-Time as well.
Let’s have a look at a couple of Yen Crosses that are leaning towards the “Risk Appetite” side for now on the Hourly Views, although Price is retracing…as is Gold and Crude as well.
Here are the Captures, so give them a Click as always.
Post-Time is 15:20 GMT.
The Pound Yen looks to build a new Upleg, and actually most of The Yen Crosses do as well. We consolidate at the Confluence Area of 38.2% of the Weekly Downleg as Price is still adhering to and working that massive Weekly Bear Flag Formation…. as the larger Daily Channel Lower Trendline is providing Dynamic Support moving forward.
Aussie Yen is very similar in Price Action and Sentiment… as it looks towards the 77.00 Handle for a bit of Accumulation that will lead to Consolidation.
A slight Bounce will return Price to the 75.00 Handle where if we consider the recent Upleg… we may see some Bullish Builds coming into Play as Price moves along.
The excessive heat here has been giving me some connection issues, but hopefully all is fine now!… and as long as this remains so, I will have more Updates on the way for all of you!
