The EURJPY looks cnstructive. Long lower wicks on the daily chart are bullish evidence as is today’s inside bar at the triangle line (see yesteday’s crosses for construction of that line). On the hourly chart, an inverse head and shoulders pattern is visible. Price has also crosses above its 120 hour average (eqivalent of 5 days and something that I like to use for entries). Bulls are in control above 129.50 and short term support is likely at 130.50 and 130.15.
