{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usdjpy-fires-off-daily-bearish-engulfing-bar\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usdjpy-fires-off-daily-bearish-engulfing-bar\/","headline":"USDJPY Fires Off Daily Bearish Engulfing Bar | 4th Dec 2013","name":"USDJPY Fires Off Daily Bearish Engulfing Bar | 4th Dec 2013","description":"The USDJPY has formed a Bearish Engulfing Bar (BEEB) on the daily price action chart. This BEEB is formed against the recent up-trend but is rejecting a longer term resistance. For this engulfing bar to have any chance of moving lower and into the near term support level, it will have to break the engulfing […]","datePublished":"2013-12-04","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\/12\/usdjpy.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2013\/12\/usdjpy.png","height":"566","width":"1259"},"url":"https:\/\/forexschoolonline.com\/usdjpy-fires-off-daily-bearish-engulfing-bar\/","about":["Price Action Charts in Focus"],"wordCount":168,"articleBody":"The USDJPY has formed a Bearish Engulfing Bar (BEEB) on the daily price action chart. This BEEB is formed against the recent up-trend but is rejecting a longer term resistance. For this engulfing bar to have any chance of moving lower and into the near term support level, it will have to break the engulfing bar low and confirm the price action signal.If price can break the engulfing bar low, the near term support comes in around 101.20. This support area could be a high probability area for traders to look for long trades to get into trades with the recent strong move higher. Price had been caught in months of winding up in this market with price in recent weeks breaking out and making a strong move higher. Trading with this new move higher could be the higher probability play if price continues to print fresh higher highs and higher lows as I discuss in this tutorial here: Forex Price Action Trend Trading. USDJPY Daily Chart"}