{"id":104188,"date":"2017-03-31T06:45:03","date_gmt":"2017-03-31T10:45:03","guid":{"rendered":"http:\/\/countingpips.com\/?p=104188"},"modified":"2017-03-31T06:45:03","modified_gmt":"2017-03-31T10:45:03","slug":"gbpjpy-strict-wolfe-wave-suggesting-further-drop","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/03\/gbpjpy-strict-wolfe-wave-suggesting-further-drop\/","title":{"rendered":"GBP\/JPY Strict Wolfe Wave Suggesting Further Drop"},"content":{"rendered":"
March 31, 2017<\/div>
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By Admiral Markets<\/b><\/p>\n

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The GBP\/JPY follows equities and currently we see the break of 1-3 trend line which might target 139.15 initially. The wave is strict which means that point 4 is between point 1 and 3. If profit taking on GBP continues, the pair might drop 138.78 – intraday target and 138.45 Daily L4 support. Full projection aims at 137.00 but for that to happen, the GBP\/JPY will need a stronger support from Yen (particularly Nikkei and EU\/US equities).<\/p>\n

D L3 – Daily Camarilla Pivot (Daily Support)<\/p>\n

POC – Point Of Confluence (The zone where we expect price to react – aka entry zone)<\/p>\n

W L3 – Weekly L3 Camarilla (Strong Weekly Support)<\/p>\n

W L4- Weekly L4 Camarilla ( Very Strong Weekly Support)<\/p>

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Wolfe Wave Article<\/a><\/a><\/p>\n

Follow @TarantulaFX<\/a> on twitter for latest market updates<\/p>\n

Article by Admiral Markets<\/b><\/p>\n

Source: GBP\/JPY Strict Wolfe Wave Suggesting Further Drop<\/a><\/p>\n

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Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Admiral Markets The GBP\/JPY follows equities and currently we see the break of 1-3 trend line which might target 139.15 initially. The wave is strict which means that point 4 is between point 1 and 3. If profit taking on GBP continues, the pair might drop 138.78 – intraday target and 138.45 Daily L4 […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-104188","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/104188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=104188"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/104188\/revisions"}],"predecessor-version":[{"id":104189,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/104188\/revisions\/104189"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=104188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=104188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=104188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}