{"id":132768,"date":"2018-08-29T06:50:06","date_gmt":"2018-08-29T10:50:06","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=132768"},"modified":"2018-08-29T06:40:20","modified_gmt":"2018-08-29T10:40:20","slug":"gbp-jpy-cup-with-handle-pattern-on-h4-time-frame","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/08\/gbp-jpy-cup-with-handle-pattern-on-h4-time-frame\/","title":{"rendered":"GBP\/JPY Cup with Handle Pattern on H4 Time Frame"},"content":{"rendered":"
August 29, 2018<\/div>
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By Admiral Markets<\/b><\/p>\n

\"GBP\/JPY<\/a><\/p>\n

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

The GBP\/JPY<\/a>, the popular “Dragon” has formed a cup with handle pattern that is yet to be developed. The structure has formed exactly at the M L5 Pivot Point. However, the presence of W H3 and W L3 pivots indicate that traders need to wait for further action. A close above W H3 \u2013 143.61 is bullish, and the price should reach 144.32 and eventually 145.52. A close below W L3 \u2013 142.19 is bearish and targets are 141.49 and 140.29.<\/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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M H4 – Monthly Camarilla Pivot (Very Strong Monthly Resistance)<\/p>\n

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

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

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

This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks<\/a>.<\/p>\n

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

Source: GBP\/JPY Cup with Handle Pattern on H4 Time Frame<\/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 The GBP\/JPY, the popular “Dragon” has formed a cup with handle pattern that is yet to be developed. The structure has formed exactly at the M L5 Pivot Point. However, the presence of W H3 and W L3 pivots indicate that traders need to wait […]<\/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-132768","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/132768","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=132768"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/132768\/revisions"}],"predecessor-version":[{"id":132775,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/132768\/revisions\/132775"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=132768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=132768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=132768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}