A lot of the JPY pairs have formed bearish bars on the daily charts. These bearish signals come against what has been a very strong uptrend.
The GBPJPY has formed a Pin Bar/Bearish Engulfing Bar. This bar is quite small compared to the large move up.
Trading against the trend can be littered with dangers and it is advised when learning to trade that traders only trade with the trend.
GBPJPY DAILY CHART
A big shout out goes to Mongo in the Members forum who caught the Pin Bar on the 4hr chart of the NZDUSD.
NZDUSD 4HR CHART
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