{"id":121474,"date":"2018-02-12T06:45:18","date_gmt":"2018-02-12T11:45:18","guid":{"rendered":"http:\/\/countingpips.com\/?p=121474"},"modified":"2018-06-01T15:42:21","modified_gmt":"2018-06-01T15:42:21","slug":"usd-jpy-downtrend-continuation-only-if-108-45-breaks","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/02\/usd-jpy-downtrend-continuation-only-if-108-45-breaks\/","title":{"rendered":"USD\/JPY Downtrend Continuation Only if 108.45 Breaks"},"content":{"rendered":"
February 12, 2018<\/div>
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By Admiral Markets<\/b><\/p>\n

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Source: Admiral Markets MT5<\/a><\/p>\n

The USD\/JPY short zig-zag moves since February 7, have formed a clear pattern that suggests possible continuation to the downside. However, we can see steady support within 108.45 zone and if the zone holds we might see a spike first towards 108.90-109.00 POC zone. However, if the price continues with bearish momentum, it needs to break this interim support zone (108.45) and make a clear 1h momentum or 4h candle close below it. If it happens a test of W L3 -108.15 should be next target.<\/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>

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Free Reports:<\/p><\/div>\r\n

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W H4 – Weekly Camarilla Pivot (Strong Weekly Resistance)<\/p>\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

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

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

Source: USD\/JPY Downtrend Continuation Only if 108.45 Breaks<\/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 Source: Admiral Markets MT5 The USD\/JPY short zig-zag moves since February 7, have formed a clear pattern that suggests possible continuation to the downside. However, we can see steady support within 108.45 zone and if the zone holds we might see a spike first towards 108.90-109.00 POC zone. However, if the price […]<\/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-121474","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/121474","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=121474"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/121474\/revisions"}],"predecessor-version":[{"id":121482,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/121474\/revisions\/121482"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=121474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=121474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=121474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}