{"id":119612,"date":"2018-01-15T08:31:16","date_gmt":"2018-01-15T13:31:16","guid":{"rendered":"http:\/\/countingpips.com\/?p=119612"},"modified":"2018-06-01T15:46:44","modified_gmt":"2018-06-01T15:46:44","slug":"gbp-jpy-bearish-shs-pattern-rejecting-the-trend-line","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/01\/gbp-jpy-bearish-shs-pattern-rejecting-the-trend-line\/","title":{"rendered":"GBP\/JPY Bearish SHS Pattern Rejecting the Trend Line"},"content":{"rendered":"
January 15, 2018<\/div>
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By Admiral Markets<\/b><\/p>\n

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The GBP\/JPY, popular “Dragon” has formed a bearish SHS pattern just below the D L3 resistance. At this point, the price is trying to break 152.00 and reach 151.80-64. If the pattern stays firm, and the price goes below 151.64 then the pair could drop to 151.20. A spike above 152.50 and 153.00 could be next. If the price gets to 152.85-153.00, the chances are that fresh sellers might be waiting to sell the pair again towards 151.50 and above mentioned targets.<\/p>\n

W H3 -1.2055 should give another upside boost to the pair.<\/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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<\/div>\n

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

Connect with Nenad Kerkez T<\/a> on Facebook for latest market update<\/p>\n

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

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

Source: GBP\/JPY Bearish SHS Pattern Rejecting the Trend Line<\/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, popular “Dragon” has formed a bearish SHS pattern just below the D L3 resistance. At this point, the price is trying to break 152.00 and reach 151.80-64. If the pattern stays firm, and the price goes below 151.64 then the pair could drop to 151.20. A spike above 152.50 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-119612","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/119612","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=119612"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/119612\/revisions"}],"predecessor-version":[{"id":119627,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/119612\/revisions\/119627"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=119612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=119612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=119612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}