{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/gbpjpy-fires-off-pin-bar-reversal-daily-chart-15th-jan-2015\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/gbpjpy-fires-off-pin-bar-reversal-daily-chart-15th-jan-2015\/","headline":"GBPJPY Fires Off Pin Bar Reversal on Daily Chart |15th Jan 2015","name":"GBPJPY Fires Off Pin Bar Reversal on Daily Chart |15th Jan 2015","description":"The GBPJPY has fired off a Pin Bar reversal on the daily price action chart that is rejecting a support level that was an old resistance area where price had previously tried to bust higher, but failed. Price is now trying to hold at this new support level as a new price flip. Whilst this […]","datePublished":"2015-01-15","dateModified":"2019-08-05","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2015\/01\/5gbpbreak.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2015\/01\/5gbpbreak.png","height":"581","width":"981"},"url":"https:\/\/forexschoolonline.com\/gbpjpy-fires-off-pin-bar-reversal-daily-chart-15th-jan-2015\/","about":["Price Action Charts in Focus"],"wordCount":217,"articleBody":"The GBPJPY has fired off a Pin Bar reversal on the daily price action chart that is rejecting a support level that was an old resistance area where price had previously tried to bust higher, but failed. Price is now trying to hold at this new support level as a new price flip.Whilst this pin bar is down at the low, it is sticking out and it is rejecting a support level, I do have one worry about it. The worry I have for this pin bar is the minor level that sits overhead. As is marked on the daily chart below; there is a minor price flip level that sits just above the pin bar that could be a real trouble area for price attempting to try and push higher.For price to have any chance of making a decent move higher, price would need to confirm this pin bar and then break through this minor price flip level that could act as a trouble area. If price can break through this trouble area, the next resistance of note comes in around the\u00a0180.9485 level as the daily chart shows below. GBPJPY Daily ChartGBPJPY Daily Chart Related Forex Trading Education– How to Grow a Small Forex Trading Account Into a Really Big One"}