G 7 Finance chief meet in Sendai Japan today , Central  Bank Governors that control most actively traded currency  ( USD , EUR , JPY , GBP ,CAD ) meet together to discuss  Oil and China . Next week Monday will be interesting day to trade . Reserve bank of Australia no important release today.

 

20160520  USDJPY  Daily

 

Looking at Daily it bounce off the daily 55  and the stochastic is in the over bought area . It will be interesting to see a nice pullback to Monthly M3 109.50 area before it continue up.

20160520  USDJPY  1 H

 

The bear will sell when it break down and pullback from 110 area to Daily S2 109.3 area .  Happy and safe trading .

 

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