{"id":110748,"date":"2017-08-11T10:26:07","date_gmt":"2017-08-11T14:26:07","guid":{"rendered":"http:\/\/countingpips.com\/?p=110748"},"modified":"2017-08-11T10:26:07","modified_gmt":"2017-08-11T14:26:07","slug":"gbpusd-consolidating-but-pay-attention-to-poc-zone","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/08\/gbpusd-consolidating-but-pay-attention-to-poc-zone\/","title":{"rendered":"GBP\/USD Consolidating But Pay Attention To POC Zone"},"content":{"rendered":"
August 11, 2017<\/div>
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By Admiral Markets<\/b><\/p>\n

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\n\tThe GBP\/USD is consolidating within the rectangle pattern. The consolidation is due to the US CPI<\/a> data at 12:30 GMT. Traders need to pay attention to 1.2992 the X-cross of a trend line and D H3 camarilla pivot. Move above the trend line could possible spike the GBP\/USD to POC zone 1.3040-60 (D H5, Rectangle top, ATR projection high, 50.0 fib, Order block) where we might see fresh sellers. The price should reject towards 1.2992 and 1.2940. Only below 1.2940 we should see the continuation towards D H5\/ ATR low 1.2910.\n<\/p>\n

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

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

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

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

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

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<\/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>

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<\/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>

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<\/div>\n

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

\n\tM H4 – Monthly Camarilla Pivot (Very Strong Monthly Resistance)\n<\/p>\n

\n\tM L3 \u2013 Monthly Camarilla Pivot (Monthly Support)\n<\/p>\n

\n\tM L4 \u2013 Monthly H4 Camarilla (Very Strong Monthly Support)\n<\/p>\n

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

\n\t\"Forex101<\/a>\n<\/p>\n

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

Source: GBP\/USD Consolidating But Pay Attention To POC Zone<\/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 GBP\/USD is consolidating within the rectangle pattern. The consolidation is due to the US CPI data at 12:30 GMT. Traders need to pay attention to 1.2992 the X-cross of a trend line and D H3 camarilla pivot. Move above the trend line could possible spike the GBP\/USD to POC zone 1.3040-60 […]<\/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-110748","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/110748","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=110748"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/110748\/revisions"}],"predecessor-version":[{"id":110749,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/110748\/revisions\/110749"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=110748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=110748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=110748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}