Forex Price Action – GBPJPY Pin Bar Holds | Feb 4th

Verified Profitable Trader

Yesterday in my weekly FX market commentary, I talked about the pin bar on the 4hr chart off the key role reversal level around 144.75 as being a critical support to look for potential longs.  Today the pair challenged the exact same pin bar lows and held, now bouncing over +90 pips so hopefully you profited from that as did our forum members.

The range still dominates for now with 146.50 being the ceiling while 144.84 is support. A break of the downside suggests the trend is weakening, while an upside break will likely add fresh bulls into play.

pin bar forex price action trading feb 4th

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