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Long

New York Session Watch EURJPY

FX:EURJPY   Euro / Japanese Yen
EUR/JPY             is still in a strong up trend as the Tenken-sen is still above the Kijun-sen and the short term moving averages (10 and 20 periods) remain firmly above the long term moving averages (50, 100 and 200 periods). There has been a pin bar candlestick pattern earlier today as well as a inside bar candlestick pattern which formed right at the Tenken-sen and 10 periods moving average which add odds to the buyers. There's also a resistance level above at 138.70 and if price breaks above this resistance level in today New York session, we could potentially have great buying opportunities coming in.
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