Today important event is  Bank of England (BOE ) rate decision ,  in Asia a quite day for Reserve Bank of Australia ( RBA ) and  Bank Of Japan  ( BOJ ) , there is one interesting release from BOJ  at 17:00 Tokyo time : Japanese Government Bonds held by the Bank of Japan ,  any big changes could effect the YEN bullish trend in the last 24 hours .  As a currency trader the biggest risk is loosing patience or  fail to anticipate the possible move from central bank.  Looking AUDJPY 4H  it fail to go higher high in the last 24hours but the weekly pivot WPP 79.67 and role reversal area still hold as a support The Bulls this is an area of support looking for buying opportunity.

 

20160512  AUDJPY 4H

 

looking at 15M for a reversal higher high then higher low for possible buy for the bulls .

 

20160512  AUDJPY 15M

happy and safe trading

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