Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

GBPJPY Pin Bar Signal | Jan 23rd

Hey Traders,

Although I'm not totally convinced the GBPJPY has formed a short term bottom, it is showing some signs of it near term with a few pin bars and a HL (higher low) off the recent 139.50 area. First hurdle is 141, but after that, all clear for about a 100pips.

A failure below 139.24 opens up 137.90.

Chart below:

pin bar price action trading gbpjpy