{"id":104995,"date":"2017-04-20T06:05:56","date_gmt":"2017-04-20T10:05:56","guid":{"rendered":"http:\/\/countingpips.com\/?p=104995"},"modified":"2017-04-20T06:05:56","modified_gmt":"2017-04-20T10:05:56","slug":"usdjpy-stays-in-the-descending-price-channel","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/04\/usdjpy-stays-in-the-descending-price-channel\/","title":{"rendered":"USDJPY stays in the descending price channel"},"content":{"rendered":"<div id=\"inves-597714694\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">April 20, 2017<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><div class=\"entry-content\">\n<p>USDJPY stays in the descending <a href=\"http:\/\/www.forexcycle.com\/trading-strategy\/110332-the-profitable-ups-and-downs-of-forex-price-channels-how-to-trade.html\">price channel<\/a> on 4-hour chart and remains in downtrend from 112.19, the price action from 108.13 could be treated as consolidation of the downtrend. As long as the pair is in the channel, the downtrend could be expected to continue, and next target would be at 107.00 area. On the upside, a clear break above the channel resistance will indicate that the downtrend had completed at 108.13 already, then the following rebound could bring price to 110.50 zone.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-110489\" src=\"http:\/\/www.forexcycle.com\/wp-content\/uploads\/2017\/20170420_USDJPY_1.png\" alt=\"USDJPY chart\" width=\"500\" height=\"300\" \/><\/p>\n<\/div>\n<p>By <a href=\"http:\/\/ForexCycle.com\" target=\"_blank\">ForexCycle.com<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>USDJPY stays in the descending price channel on 4-hour chart and remains in downtrend from 112.19, the price action from 108.13 could be treated as consolidation of the downtrend. As long as the pair is in the channel, the downtrend could be expected to continue, and next target would be at 107.00 area. On the [&hellip;]<\/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-104995","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/104995","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=104995"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/104995\/revisions"}],"predecessor-version":[{"id":105011,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/104995\/revisions\/105011"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=104995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=104995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=104995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}