{"id":106788,"date":"2017-06-02T05:56:28","date_gmt":"2017-06-02T09:56:28","guid":{"rendered":"http:\/\/countingpips.com\/?p=106788"},"modified":"2017-06-02T05:56:28","modified_gmt":"2017-06-02T09:56:28","slug":"pre-nfp-analysis-gbpjpy-locked-below-bearish-order-block","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/06\/pre-nfp-analysis-gbpjpy-locked-below-bearish-order-block\/","title":{"rendered":"PRE NFP Analysis: GBP\/JPY Locked Below Bearish Order Block"},"content":{"rendered":"
June 2, 2017<\/div>
\r\n<\/div><\/div>

By Admiral Markets<\/b><\/p>\n

<\/p>\n

Following a strengthening in CNH against the USD by the PBOC (The People’s Bank of China), it sent the Equities Indices of the rival exporting nations in the Dax and Nikkei to interim highs. At the moment, we are seeing risk-on behavior in risky assets except for Oil, as Trump promises to sell some of the US Oil Reserves, raising downside risk to this market.\n<\/p>\n

\n\tAs we could read in my previous GBP\/JPY analysis<\/a>, the pair perfectly rejected and continued to be sold on rallies. At this point the GBP\/JPY is locked below the bearish order block that stands in the POC zone 143.75-95 (Order block, D H3, trend line, 61.8, historical sellers). The NFP <\/a>today along with unemployment and average hourly earning data should move this pair as it is connected to equities markets. If we see a rejection from POC, the target is 143.10. Break below 143.10 aims for 142.40 zone. A spike above 144.10 could get the pair to 144.61 D H5\/ ATR top confluence. NFP is usually very volatile so using a VPS tool could be a good option if you trade NFP.<\/p>\n

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

Connect with Nenad Kerkez T<\/a> on Facebook for latest market updates.<\/p>\n

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

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

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

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

\"MT4<\/a><\/p>\n

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

Source: PRE NFP Analysis: GBP\/JPY Locked Below Bearish Order Block<\/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 Following a strengthening in CNH against the USD by the PBOC (The People’s Bank of China), it sent the Equities Indices of the rival exporting nations in the Dax and Nikkei to interim highs. At the moment, we are seeing risk-on behavior in risky assets except for Oil, as Trump promises to […]<\/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-106788","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/106788","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=106788"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/106788\/revisions"}],"predecessor-version":[{"id":106789,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/106788\/revisions\/106789"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=106788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=106788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=106788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}