{"id":114963,"date":"2017-10-18T09:34:44","date_gmt":"2017-10-18T13:34:44","guid":{"rendered":"http:\/\/countingpips.com\/?p=114963"},"modified":"2018-06-01T15:55:32","modified_gmt":"2018-06-01T15:55:32","slug":"gbpjpy-daily-hammer-suggests-further-bullish-pressure","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/10\/gbpjpy-daily-hammer-suggests-further-bullish-pressure\/","title":{"rendered":"GBP\/JPY Daily Hammer Suggests Further Bullish Pressure"},"content":{"rendered":"
October 18, 2017<\/div>
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By Admiral Markets<\/b><\/p>\n

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The GBP\/JPY formed the LVZ pattern<\/a> – Low Volatility Zone exactly at the POC 147.85-148.05 and it is proceeding higher towards D H4 148.75. Strong h1 candle or 4h candle close above 148.75 suggest further bullish pressure towards 149.20-30. Looking at a daily chart in chart<\/a> we can see a possibility of further strength towards 149.85 as daily strong hammer suggests. Retest of 148.35 could also be possible and if the pair bounces again from D H3-EMA89 (148.35) that should be a sign of another bullish pressure towards above mentioned levels. Only below 147.80 we might see a drop towards 147.32 and bulls should lose the steam.<\/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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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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\"MT4<\/a><\/p>\n

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

Source: GBP\/JPY Daily Hammer Suggests Further Bullish Pressure<\/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 GBP\/JPY formed the LVZ pattern – Low Volatility Zone exactly at the POC 147.85-148.05 and it is proceeding higher towards D H4 148.75. Strong h1 candle or 4h candle close above 148.75 suggest further bullish pressure towards 149.20-30. Looking at a daily chart in chart we can see a possibility of […]<\/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-114963","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/114963","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=114963"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/114963\/revisions"}],"predecessor-version":[{"id":114967,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/114963\/revisions\/114967"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=114963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=114963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=114963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}