{"id":113975,"date":"2017-10-03T08:45:18","date_gmt":"2017-10-03T12:45:18","guid":{"rendered":"http:\/\/countingpips.com\/?p=113975"},"modified":"2017-10-03T07:39:00","modified_gmt":"2017-10-03T11:39:00","slug":"usdjpy-could-drop-as-long-as-it-is-below-113-45","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/10\/usdjpy-could-drop-as-long-as-it-is-below-113-45\/","title":{"rendered":"USD\/JPY Could drop as long as it is below 113.45"},"content":{"rendered":"
October 3, 2017<\/div>
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By Admiral Markets<\/b><\/p>\n

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The USD\/JPY trend is bullish as we can see from the PPR channel, but last few days we see a consolidation below the W H4- weekly H4 camarilla pivot that could tank the price towards 112.40 and 112.00. There is a confluence at the top of the range exactly at the AP channel high. 112.90-113.15 is the POC zone (W H3, AP high, ATR pivot) and the price could reject as long as it is held below 113.45. Targets are 112.50, and 112.00 – W L3. If the price gets to W L3 pivot it could bounce again.<\/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>\n

M H4 – Daily Camarilla Pivot (Very Strong Monthly Resistance)<\/p>

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<\/div>\n

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

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

PPR – Progressive Polynomial Channel<\/p>\n

AP -Andrew’s Pitchfork<\/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 Could drop as long as it is below 113.45<\/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 The USD\/JPY trend is bullish as we can see from the PPR channel, but last few days we see a consolidation below the W H4- weekly H4 camarilla pivot that could tank the price towards 112.40 and 112.00. There is a confluence at the top of the range exactly at the AP […]<\/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-113975","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/113975","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=113975"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/113975\/revisions"}],"predecessor-version":[{"id":113977,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/113975\/revisions\/113977"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=113975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=113975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=113975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}