{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/gbpjpy-recap-usdcad-pin-bar\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/gbpjpy-recap-usdcad-pin-bar\/","headline":"GBPJPY Recap & USDCAD Pin Bar","name":"GBPJPY Recap & USDCAD Pin Bar","description":"Last week we posted about the bearish\u00a0engulfing\u00a0bar on the GBPJPY. This came of to the downside and hit the recent support area. Notice how price fell into a very\u00a0confluent\u00a0zone where traders could look to take longs with Price Action. This level was the 50% swing point, rejecting the Very Big Round Number of 130.00 and […]","datePublished":"2012-03-25","dateModified":"2019-08-04","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\/2012\/03\/gpo.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2012\/03\/gpo.png","height":"258","width":"613"},"url":"https:\/\/forexschoolonline.com\/gbpjpy-recap-usdcad-pin-bar\/","about":["Price Action Charts in Focus"],"wordCount":144,"articleBody":"Last week we posted about the bearish\u00a0engulfing\u00a0bar on the GBPJPY. This came of to the downside and hit the recent support area. Notice how price fell into a very\u00a0confluent\u00a0zone where traders could look to take longs with Price Action. This level was the 50% swing point, rejecting the Very Big Round Number of 130.00 and recent support.If price holds at this level we may see a retest of the recent highs, but if price breaks a test of the 127.20 looks a possibility. GBPJPY DAILY CHART The USDCAD has fired of a Pin Bar on the daily chart. This has formed at recent resistance. If price breaks the low of this Pin Bar a test of the recent lows would look likely. If price goes higher we would be looking at a next leg higher. USDCAD DAILY CHART "}