{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/nzdjpy-bullsih-engulfing-bar-rejects-support\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/nzdjpy-bullsih-engulfing-bar-rejects-support\/","headline":"NZDJPY Bullish Engulfing Bar Rejects Support","name":"NZDJPY Bullish Engulfing Bar Rejects Support","description":"The NZDJPY has formed a bullish engulfing bar (BUEB) on the daily price action chart. This BUEB is rejecting a support area and has closed in the upper 1\/3 of the engulfing bar. This market is in sideways action at the moment like a lot of Forex pairs with price not in a clear trend […]","datePublished":"2013-08-02","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\/2013\/08\/nzdjpy.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2013\/08\/nzdjpy.png","height":"367","width":"575"},"url":"https:\/\/forexschoolonline.com\/nzdjpy-bullsih-engulfing-bar-rejects-support\/","about":["Price Action Charts in Focus"],"wordCount":180,"articleBody":"The NZDJPY has formed a bullish engulfing bar (BUEB) on the daily price action chart. This BUEB is rejecting a support area and has closed in the upper 1\/3 of the engulfing bar. This market is in sideways action at the moment like a lot of Forex pairs with price not in a clear trend either way.If price can break the engulfing bar high, the next resistance is close overhead in the way of candle lows around 79.10 which could act as the near term resistance. If price can gain momentum and continue to move higher the major resistance looms as the recent highs where we can see this pair has recently formed a 2 bar reversal. It was this 2 bar reversal that tipped this market off into making it’s most recent move lower.I have recently published a new article which discusses how traders can start making trades from better areas on their charts and making higher probability trades. To read this article see here:\u00a0Trade Like a Sniper From Price Action Kill Zones NZDJPY DAILY CHART | 2 Aug 2013 "}