{"id":97020,"date":"2016-10-20T09:10:19","date_gmt":"2016-10-20T13:10:19","guid":{"rendered":"http:\/\/countingpips.com\/?p=97020"},"modified":"2016-10-20T09:10:19","modified_gmt":"2016-10-20T13:10:19","slug":"usdjpy-lower-highs-and-lower-lows-zig-zag","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/10\/usdjpy-lower-highs-and-lower-lows-zig-zag\/","title":{"rendered":"USD\/JPY Lower Highs and Lower Lows zig-zag"},"content":{"rendered":"
October 20, 2016<\/div>
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By Admiral Markets<\/b><\/p>\n

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ECB is unclear on its QE with regards to tapering or the end of the programme. Equities tanked due to due to the uncertainty around further ECB steps.Initially we saw de-risking but stay tuned for greater clarity in the December ECB meeting. In the aftermath of ECB, Philly’s Fed went better than expected while the US initial jobless claims came in at 260K vs. 250k estimate.<\/p>\n

Technically USDJPY might drop further from 2 POC zones. Watch the reaction around POC1 (H4, trend line, 61.8, EMA89) within 103.80-90. If the pair proceeds above 114.05 we might see POC2 getting hit within 104.08-20 zone (H5, 88.6, trend line). Both rejections should target 103.40 and 103.20 subsequently. Only h1 momentum or 4h close below 103.15 should open the door for 102.65 test.<\/p>\n

Follow @TarantulaFX<\/a> on twitter for latest market updates<\/p>\n

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

Source: USD\/JPY Lower Highs and Lower Lows zig-zag<\/a><\/p>

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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","protected":false},"excerpt":{"rendered":"

By Admiral Markets ECB is unclear on its QE with regards to tapering or the end of the programme. Equities tanked due to due to the uncertainty around further ECB steps.Initially we saw de-risking but stay tuned for greater clarity in the December ECB meeting. In the aftermath of ECB, Philly’s Fed went better than […]<\/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-97020","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/97020","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=97020"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/97020\/revisions"}],"predecessor-version":[{"id":97021,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/97020\/revisions\/97021"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=97020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=97020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=97020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}