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GBPJPY Pin Bar Holds | Feb 4th

Hello Traders,

One of the pairs which has been showing some good intraday price action signals is the GBPJPY. There was a pin bar on the 4hr chart off the key role reversal level, which I talked about as a good support level for intraday longs in my weekly market commentary.

That level held, and has now bounced over +90 pips.

Short term the range dominates, so watch for plays on both sides. A break of the range to the downside, suggests a weakening of the trend, while an upside break should bring in fresh longs (chart below)

pin bar forex gbpjpy price action 2ndskiesforex feb 4th