Greetings again, Everyone!

We seeCorrective Impulses in Currency Units in general, as the Risk-Averse “Brothers” of Dollar and Yen continue to strengthen with Indices and Gold and Crude Correlations.

Despite the S&P/Case Shiller Index rising literally for the first timeMonth-over-Month in about 3 Years… we still have negative conclusions during EquityEarnings Season weighing on the High-Yield Pairs such as Cable, Fiber, and inversely, seeing deep Momentum in the Swissy as IntraDay Work moves along.

Let’s check in with the GBP/JPY as well as the continual “Low-Yield Battle” of the Dollar and The Yen with the USD/JPY Unit.

Here are the Hourly Captures, and Post-Time is 16:30 GMT.

The Pound Yen looks to see correction in which an Hourly Bear Flag may be in Formation of Price finds Confluence at the Weekly 38.2% Fib Variant from the July 2008 Highs.

Failure to “Re-Test” the Transitive Rollover Area may see continued Yen Strength moving towards the 153.20’s Static Support Area.

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Dollar Yen clocks in at the Mid-Point of the U.S. Session with The Yen “anchored” in a tight range of Accumulation.

A significant Momentum Break of the 94.00 Handle may bring a “Re-Test” of the 93.00 Handle Lows…while a Breach of the 94.20’s Dynamic Resistance sees the 94.90’s in View as Accumulation leading to Consolidation frames the Area.

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We will check in to see how these Units progress, as we work through the Extent of Dollar and Yen Strength through Risk-Averse Sentiment!

I look forward to more Updates to follow, and Everyone is always welcome for a visit!