Euro/usa range still intact from 1.2900 to 1.3723 and shorts remain in play while below key resistance at 1.3723. The move higher on this pair is likely just a correction in the overall downtrend.

Usa/jyn counter trend longs also remain in play as range bottom at 94.50 continues to hold.

For a complete look at recommended trades for May 20, 2009 please click on the enclosed link.