{"id":115840,"date":"2017-11-02T08:52:06","date_gmt":"2017-11-02T12:52:06","guid":{"rendered":"http:\/\/countingpips.com\/?p=115840"},"modified":"2018-06-01T15:53:31","modified_gmt":"2018-06-01T15:53:31","slug":"gbpjpy-is-waiting-for-boe-decision","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/11\/gbpjpy-is-waiting-for-boe-decision\/","title":{"rendered":"GBP\/JPY is Waiting for BOE Decision"},"content":{"rendered":"
November 2, 2017<\/div>
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By Admiral Markets<\/b><\/p>\n

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The main event of the day and week is the BOE decision. The decision along with the conference should be a price mover. In my opinion, the BoE will hike the rate as expected but also validate market expectations of a November hike. The press conference will move the price too and the main point is to see whether the conference and the report is bullish or bearish. Pls see the full video here<\/a>.<\/p>\n

If the market is bullish the first POC 150.18-150.50 and\/or the POC2 149.50-75 could spike the price up towards 152.20 but we need to watch all camarilla pivots in between. Because the hike has already beenpriced in, a no hike or dovish monetary outlook\/statement could break the W L1\/ trendline at 148.97 targeting 148.50 and 147.80. The risk on this event is high.<\/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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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 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

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

Sign up for Live Trading Webinars<\/a> with Nenad Kerkez T<\/p>\n

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Read the Camarilla trading blog<\/a><\/p>\n

\"MT4<\/a><\/p>\n

 <\/p>\n

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

Source: GBP\/JPY is Waiting for BOE Decision<\/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 main event of the day and week is the BOE decision. The decision along with the conference should be a price mover. In my opinion, the BoE will hike the rate as expected but also validate market expectations of a November hike. The press conference will move the price too 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-115840","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/115840","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=115840"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/115840\/revisions"}],"predecessor-version":[{"id":115842,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/115840\/revisions\/115842"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=115840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=115840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=115840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}