{"id":109550,"date":"2017-07-24T04:41:36","date_gmt":"2017-07-24T08:41:36","guid":{"rendered":"http:\/\/countingpips.com\/?p=109550"},"modified":"2017-07-24T04:41:36","modified_gmt":"2017-07-24T08:41:36","slug":"gbpjpy-equidistant-channel-bearish-continuation","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/07\/gbpjpy-equidistant-channel-bearish-continuation\/","title":{"rendered":"GBP\/JPY Equidistant Channel Bearish Continuation"},"content":{"rendered":"
July 24, 2017<\/div>
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By Admiral Markets<\/b><\/p>\n

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The GBP\/JPY has followed my previous analysis exactly as planned<\/a> and even during summer holidays trading, this still remains one of the best pair to trade due to its high ATR(14)-121. At this point we have two potential POC zones, should the pair retrace. POC1 144.70-90 (38.2, bearish order block D H3) should reject the pair short term towards 144.00. But if the pair breaks 144.00 without any retracement to the upside target is D L3 – 143.74 and 143.40 – W L3\/ATR Low confluence.<\/p>\n

Have in mind that even if the pair retraces to POC2 145.15-35 (equidistant channel high, 50.0, bearish order block, EMA89, W H3, 61.8) it will still be bearish and the zone should provide a good rejections towards the POC1 and above mentioned levels. This setup will also be discussed on Session Recap webinar<\/a> so feel free to join.<\/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>

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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

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

Source: GBP\/JPY Equidistant Channel Bearish Continuation<\/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 has followed my previous analysis exactly as planned and even during summer holidays trading, this still remains one of the best pair to trade due to its high ATR(14)-121. At this point we have two potential POC zones, should the pair retrace. POC1 144.70-90 (38.2, bearish order block D H3) […]<\/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-109550","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/109550","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=109550"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/109550\/revisions"}],"predecessor-version":[{"id":109551,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/109550\/revisions\/109551"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=109550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=109550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=109550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}