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Long

New York Session Watch USDJPY

FX:USDJPY   U.S. Dollar / Japanese Yen
There's a bullish pin bar candlestick pattern in the making on USD/JPY . If the price closed as it is right now or higher, we will then have an official bullish pin bar candlestick pattern. This bullish pin bar candlestick pattern also pierced through the lower end of the Bollinger Band which increases the odds of buying USD/JPY . Note that the Stochastic indicator and Commodity Channel Index ( CCI ) are both showing the price is oversold currently which adds fuel to the bulls. With all the indicators suggesting a bounce right here, we could potentially see buying opportunities in today's New York session.
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