{"id":123759,"date":"2018-03-21T07:48:28","date_gmt":"2018-03-21T11:48:28","guid":{"rendered":"http:\/\/countingpips.com\/?p=123759"},"modified":"2018-06-01T15:42:13","modified_gmt":"2018-06-01T15:42:13","slug":"%e2%80%8b-usd-jpy-hidden-bearish-divergence-prior-to-fomc-decision","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/03\/%e2%80%8b-usd-jpy-hidden-bearish-divergence-prior-to-fomc-decision\/","title":{"rendered":"\u200b USD\/JPY Hidden Bearish Divergence Prior to FOMC Decision"},"content":{"rendered":"
March 21, 2018<\/div>
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By Admiral Markets<\/b><\/p>\n

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Source: Admiral Markets MT5<\/a> with <\/em>MT5SE Add-on<\/a><\/p>\n

Today the USD faces major news and an important report – the FOMC Federal Funds rate decision. Besides the official rate announcement, the report includes the FOMC’s projection for inflation and economic growth over the next two years and, a breakdown of the individual FOMC member’s interest rate forecasts.<\/p>\n

Technically, the USD\/JPY broke the inner trend line (green) and since then has been in a retracement. However, we can see a hidden bearish divergence has been formed that cues for a trend continuation. Since the primary trend is down, we could see rejection from 106.30-40 towards 106.00, 105.80, 105.50. 4h candle close below W L3 aims for 105.03. For bulls to have the upper hand, only a strong momentum and 4h close above 106.70 should spike the pair towards 107.13.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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M H4 – Daily Camarilla Pivot (Very Strong Monthly Resistance)<\/p>\n

M L3 \u2013 Daily Camarilla Pivot (Monthly Support)<\/p>\n

M L4 \u2013 Daily H4 Camarilla (Very Strong Monthly Support)<\/p>\n

POC – Point Of Confluence (The zone where we expect price to react aka entry zone)<\/p>\n

Best wishes,<\/p>\n

Nenad<\/p>\n

Follow Admiral Markets<\/a> on Facebook \u2013 @AdmiralMarkets<\/a> on Twitter \u2013 for the latest market updates.<\/p>\n

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

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

Source: \u200b USD\/JPY Hidden Bearish Divergence Prior to FOMC 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 Source: Admiral Markets MT5 with MT5SE Add-on Today the USD faces major news and an important report – the FOMC Federal Funds rate decision. Besides the official rate announcement, the report includes the FOMC’s projection for inflation and economic growth over the next two years and, a breakdown of the individual FOMC […]<\/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-123759","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/123759","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=123759"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/123759\/revisions"}],"predecessor-version":[{"id":123769,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/123759\/revisions\/123769"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=123759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=123759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=123759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}