FX-PTSP-FORECAST AND UPDATES

London Session Watch - ‪#‎NZDJPY‬ NZD/JPY formed a bullish pin bar candlestick pattern at the 83.90 support level. The bullish pin bar candlestick pattern itself is a false break of the previous inside bar candlestick pattern and also a false break for 83.90 support level. These bullish candlestick patterns could lead the price temporarily higher in today's London session. Note that the Stochastic indicator and Commodity Channel Index (CCI) are showing the price is oversold at the 83.90 support level which adds fuel to the short term bulls in this market. On the flip side, the long term trend in this market is still down as the short term moving averages (10 and 20 period) continue to stay below the long term moving averages (50,100 and 200 period) and Tenken-sen continues to diverge away from Kijun-sen. With all that being said, we could potentially have some short term buying opportunities in today's London session and the upper band of the Bollinger Band could serve as the first target and the 100 period moving average will serve as a second target for buyers. ‪#‎freeforexsignals‬ ‪#‎likeus‬