{"id":112722,"date":"2017-09-12T10:30:07","date_gmt":"2017-09-12T14:30:07","guid":{"rendered":"http:\/\/countingpips.com\/?p=112722"},"modified":"2017-09-12T10:07:57","modified_gmt":"2017-09-12T14:07:57","slug":"usdjpy-recovery-after-v-shaped-reversal-pattern","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/09\/usdjpy-recovery-after-v-shaped-reversal-pattern\/","title":{"rendered":"USD\/JPY Recovery After V Shaped Reversal Pattern"},"content":{"rendered":"
September 12, 2017<\/div>
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By Admiral Markets<\/b><\/p>\n

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Despite strong Core Machinery Orders in Japan today, signaling strength in their manufacturing sector; UJ continues to move bullish after this weekend’s gap up, and this is largely as a result of risk-on sentiments across the risky assets such as Equities. The retracement has started after a V shaped reversal pattern and the intraday\/week trend turned to bullish.<\/p>\n

Technically, the USD\/JPY is still in downtrend but it has a strong recovery, and the gap hasn’t been closed yet. 109.25-109.40 is the POC(b) buy zone (order block, W H4, ATR pivot) and 110.45-110.65 is POC(s) sell zone. At this point price is in no man’s land. If the price retraces to POC(b) we could see a bounce towards 110.13 and 110.50. If we see the price within the POC(s) then targets are 110.15 and 109.75. Above 110.75 we could see a stronger recovery. Watch for these zones.<\/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

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

Source: USD\/JPY Recovery After V Shaped Reversal Pattern<\/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

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By Admiral Markets Despite strong Core Machinery Orders in Japan today, signaling strength in their manufacturing sector; UJ continues to move bullish after this weekend’s gap up, and this is largely as a result of risk-on sentiments across the risky assets such as Equities. The retracement has started after a V shaped reversal pattern and […]<\/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-112722","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/112722","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=112722"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/112722\/revisions"}],"predecessor-version":[{"id":112725,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/112722\/revisions\/112725"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=112722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=112722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=112722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}