{"id":113222,"date":"2017-09-20T10:49:21","date_gmt":"2017-09-20T14:49:21","guid":{"rendered":"http:\/\/countingpips.com\/?p=113222"},"modified":"2017-09-20T09:50:53","modified_gmt":"2017-09-20T13:50:53","slug":"usdjpy-price-congested-within-the-channel-prior-to-fed","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/09\/usdjpy-price-congested-within-the-channel-prior-to-fed\/","title":{"rendered":"USD\/JPY Price Congested Within the Channel Prior to FED"},"content":{"rendered":"
September 20, 2017<\/div>
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By Admiral Markets<\/b><\/p>\n

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As inflation recently in the US has had a recent slight increase near 1.9% p.a., it is still below their target range. Despite this, Actual QoQ GDP Growth has increased to 3%, well ahead of forecast and consensus, and this has seen Forward Company Earnings improve in the US also. The Fed will be conscious of all of this, however, as they saw a small increase in Unemployment and Inflation still below their target levels, they are inclined to keep the rates flat for this month.<\/p>\n

The USD\/JPY is in a congestion phase (violet channel) waiting for the always important FED decision<\/a> and FOMC conference. 112.60 looks attractive too sellers and a heavy momentum spike above 111.80 could get the price to 112.30-60 where it could start selling towards camarilla pivot points shown on the chart. A drop below 111.20 could target 110.90 and 110.60. The event is expected to be volatile so be prepared for price whipsaws in both direction.<\/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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\nArticle by Admiral Markets<\/b><\/p>\n

Source: USD\/JPY Price Congested Within the Channel Prior to FED<\/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 As inflation recently in the US has had a recent slight increase near 1.9% p.a., it is still below their target range. Despite this, Actual QoQ GDP Growth has increased to 3%, well ahead of forecast and consensus, and this has seen Forward Company Earnings improve in the US also. The Fed […]<\/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-113222","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/113222","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=113222"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/113222\/revisions"}],"predecessor-version":[{"id":113227,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/113222\/revisions\/113227"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=113222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=113222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=113222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}