{"id":105428,"date":"2017-05-01T04:10:29","date_gmt":"2017-05-01T08:10:29","guid":{"rendered":"http:\/\/countingpips.com\/?p=105428"},"modified":"2017-05-01T04:10:29","modified_gmt":"2017-05-01T08:10:29","slug":"eurjpy-bullish-shs-pattern-and-possible-breakout","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/05\/eurjpy-bullish-shs-pattern-and-possible-breakout\/","title":{"rendered":"EUR\/JPY Bullish SHS Pattern and Possible Breakout"},"content":{"rendered":"
May 1, 2017<\/div>
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By Admiral Markets<\/b><\/p>\n

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In the midst of a bank holiday, the EUR\/JPY is moving in a steady uptrend trying to reach 122.54 full ATR projection. The pair has formed a bullish shoulder-head-shoulder pattern also known as inverted head and shoulders. A strong 1h momentum breakout above 122.00 should target 122.16 (D H4) followed by 122.54 and 122.80 (D H5\/W H3 confluence). In the case of retracement, pay attention to POC 120.75-90 (D L3, left shoulder bottom, ATR pivot, EMA 89). The rejection should target 122.00 and above-mentioned levels if breakout happens.<\/p>\n

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

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

W H3 – Weekly Camarilla Pivot (Weekly Interim Resistance)<\/p>\n

W H4 – Weekly Camarilla Pivot (Strong Weekly Resistance)<\/p>

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D H4 – Daily Camarilla Pivot (Very Strong Daily Resistance)<\/p>\n

D L3 \u2013 Daily Camarilla Pivot (Daily Support)<\/p>\n

D L4 \u2013 Daily H4 Camarilla (Very Strong Daily Support)<\/p>\n

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

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

Source: EUR\/JPY Bullish SHS Pattern and Possible Breakout<\/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 In the midst of a bank holiday, the EUR\/JPY is moving in a steady uptrend trying to reach 122.54 full ATR projection. The pair has formed a bullish shoulder-head-shoulder pattern also known as inverted head and shoulders. A strong 1h momentum breakout above 122.00 should target 122.16 (D H4) followed by 122.54 […]<\/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-105428","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/105428","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=105428"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/105428\/revisions"}],"predecessor-version":[{"id":105429,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/105428\/revisions\/105429"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=105428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=105428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=105428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}