{"id":114245,"date":"2017-10-06T09:29:36","date_gmt":"2017-10-06T13:29:36","guid":{"rendered":"http:\/\/countingpips.com\/?p=114245"},"modified":"2017-10-06T09:29:36","modified_gmt":"2017-10-06T13:29:36","slug":"usdjpy-nfp-analysis-bullish-bias-prevailing-but-watch-the-nfp","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/10\/usdjpy-nfp-analysis-bullish-bias-prevailing-but-watch-the-nfp\/","title":{"rendered":"USD\/JPY NFP Analysis: Bullish Bias Prevailing but Watch the NFP"},"content":{"rendered":"
October 6, 2017<\/div>
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By Admiral Markets<\/b><\/p>\n

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The USD\/JPY has been consolidating within the PPR channel (green) with a slightly bullish bias due to Bullish SHS breaking out of the channel and AP forks pointing up. However the most important event today is the NFP with unemployment data and average hourly earnings. Depending on results, we might see a 2 way price action and higher than usual volatility. Traders should pay attention 112.65 and 113.10. Break below 112.65 should target 112.50, 112.30 and eventually strong L3 support 111.99. Spike above 113.10 should target 113.30, 113.50 and 113.80. Have in mind that price might react around these levels after the initial post report spike so using profit stops could be a good option if your trade is in profit.<\/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

D H4 – Daily Camarilla Pivot (Very Strong Daily Resistance)<\/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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D L3 \u2013 Daily Camarilla Pivot (Daily Support)<\/p>\n

D L4 \u2013 Daily H4 Camarilla (Very Strong Daily 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

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

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 <\/p>\n

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

Source: USD\/JPY NFP Analysis: Bullish Bias Prevailing but Watch the NFP<\/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 has been consolidating within the PPR channel (green) with a slightly bullish bias due to Bullish SHS breaking out of the channel and AP forks pointing up. However the most important event today is the NFP with unemployment data and average hourly earnings. Depending on results, we might see a […]<\/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-114245","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/114245","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=114245"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/114245\/revisions"}],"predecessor-version":[{"id":114249,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/114245\/revisions\/114249"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=114245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=114245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=114245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}