London Session Watch NZDJPY

FX:NZDJPY   New Zealand Dollar / Japanese Yen
NZD/JPY printed an inside bar plus a bullish engulfing bar combination of candlestick patterns on the chart. The long term trend is still up as the short term moving averages (10 and 20 period) are above the long term moving averages (50,100 and 200 period) and the Tenken-sen has just crossed above the Kijun-sen showing the bulls might be accumulating position here. We could potentially see the price continue to surge in today London session if the trend persists and builds up more strength.
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