Relational and intersubjective conceptions are compared with earlier models of psychoanalytic theory and practice, and a question is posed: Can an experience-near intersubjective field, cocreated by patient and therapist, accommodate an unconscious “depth” dimension? The authors consider intersubjectivity as the confluence of both parties' subjective self-with-other narratives, however deeply rooted they may be in individually unique developmental experience. These sources of psychological activation are discussed in terms of converging metaphoric pathways to the mutual understanding of self-narratives that are unconscious for patient and/or therapist, and thus their influence is presumably, yet not actually, unavailable to the intersubjective field. Case materials illustrate the roles of shared metaphor and the therapist's own subjectivity in the therapeutic process.