{"id":105935,"date":"2017-05-12T07:23:21","date_gmt":"2017-05-12T11:23:21","guid":{"rendered":"http:\/\/countingpips.com\/?p=105935"},"modified":"2017-05-12T07:23:21","modified_gmt":"2017-05-12T11:23:21","slug":"usdjpy-daily-confluence-at-support","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/05\/usdjpy-daily-confluence-at-support\/","title":{"rendered":"USD\/JPY Daily Confluence At Support"},"content":{"rendered":"
May 12, 2017<\/div>
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By Admiral Markets<\/b><\/p>\n

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The USD\/JPY is currently supported at POC zone 113.40-60 (Trend line, D L3, Order block, EMA89) and we might see a spike towards D L3 – 114.10. The pair is in uptrend on intraday (H1) and intra week (H4) charts. 1h or 4h candle close above 114.10 should provide additional strength in this pair, targeting 114.35 (ATR high) and 114.75 (D L5) if we see additional volatility. W H3 and ATR low should hold (113.15) if bulls want to remain in control. Bears would only have control below D L5 (112.90). If that happens during next days we might expect 112.15 as the target. <\/p>\n

Adding to that we have US Inflation data today<\/a> so the combination of US data and profit taking could be volatile for this pair.<\/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>

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

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: USD\/JPY Daily Confluence At Support<\/a><\/p>\n

<\/a><\/p>\n

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 USD\/JPY is currently supported at POC zone 113.40-60 (Trend line, D L3, Order block, EMA89) and we might see a spike towards D L3 – 114.10. The pair is in uptrend on intraday (H1) and intra week (H4) charts. 1h or 4h candle close above 114.10 should provide additional strength in […]<\/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-105935","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/105935","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=105935"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/105935\/revisions"}],"predecessor-version":[{"id":105936,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/105935\/revisions\/105936"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=105935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=105935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=105935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}