{"id":63881,"date":"2014-11-18T07:41:10","date_gmt":"2014-11-18T12:41:10","guid":{"rendered":"http:\/\/countingpips.com\/?p=63881"},"modified":"2014-11-18T07:41:10","modified_gmt":"2014-11-18T12:41:10","slug":"expecting-the-trend-reversal-to-the-downside-gbpjpy-wave-analysis","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/11\/expecting-the-trend-reversal-to-the-downside-gbpjpy-wave-analysis\/","title":{"rendered":"Expecting the trend reversal to the downside. GBP\/JPY wave analysis"},"content":{"rendered":"
November 18, 2014<\/div>
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Article By RoboForex.com<\/span><\/a><\/strong><\/p>\n

Analysis for November 18th<\/sup>, 2014<\/h2>\n

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In our previous review, \u201c1,100 pips up, smooth sailing! Wave analysis of GBP\/LPY for 06.11.2014\u201d, we discussed one of the possible scenario how the price may finish an ascending wave [v] of 5<\/strong>.<\/p>\n

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Possibly, the pair has reached its predicted target, completed an ascending impulse [v] of 5 of (1)<\/strong>, and started forming first waves of a large descending correction (2)<\/strong>.<\/p>\n

Right now, the price is forming head & shoulders<\/em>, a reversal pattern (inside a green rectangle). However, the trend reversal hasn\u2019t been confirmed so far and the price may yet change the ending of an ascending wave [v] of 5<\/strong>.<\/p>\n

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If the assumption about an ascending impulse (1)<\/strong> is correct, then later the market may start forming a large descending correction (2)<\/strong>, maybe in the form of zigzag<\/em>.<\/p>\n

However, at the same time one should remember that any possible scenario is subjective and the market may move in a completely different direction.<\/p>

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<\/div>\n

RoboForex <\/strong>Analytical <\/strong>Department<\/strong><\/p>\n

Article By RoboForex.com<\/span><\/a><\/strong><\/p>\n

Attention!<\/strong>
\nForecasts presented in this section only reflect the author\u2019s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.<\/p>\n

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 <\/p>\n","protected":false},"excerpt":{"rendered":"

Article By RoboForex.com Analysis for November 18th, 2014 In our previous review, \u201c1,100 pips up, smooth sailing! Wave analysis of GBP\/LPY for 06.11.2014\u201d, we discussed one of the possible scenario how the price may finish an ascending wave [v] of 5. Possibly, the pair has reached its predicted target, completed an ascending impulse [v] of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-63881","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/63881","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=63881"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/63881\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=63881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=63881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=63881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}