{"id":98059,"date":"2016-11-14T07:21:18","date_gmt":"2016-11-14T12:21:18","guid":{"rendered":"http:\/\/countingpips.com\/?p=98059"},"modified":"2016-11-14T07:21:18","modified_gmt":"2016-11-14T12:21:18","slug":"gbpjpy-bullish-continuation-in-progress","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/11\/gbpjpy-bullish-continuation-in-progress\/","title":{"rendered":"GBP\/JPY Bullish continuation in progress"},"content":{"rendered":"<div id=\"inves-424782064\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">November 14, 2016<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><b>By Admiral Markets<\/b><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/fxmedia.s3.amazonaws.com\/articles\/2016-11-14_12-42-48.jpg\"><\/p>\n<p>Although the targets have been hit after our previous <a href=\"http:\/\/www.admiralmarkets.com\/analytics\/technical-analysis\/gbp-jpy-over-extension-can-spike-the-pair-up-to-133-25-and-134-60\" target=\"_blank\">GBP\/JPY analysis<\/a>, bullish sentiment still prevails as the dragon relentlessly flying towards 136.00 and further. Today&#8217;s early trading gave us more than 70 possible pips as shown in the <a href=\"https:\/\/www.youtube.com\/watch?v=UhAmjdgnaGE\" target=\"_blank\">live trading videos<\/a>. There is still more room to the upside but we need to see if the pair will retrace or it will proceed without any retracement. The range (ATR) of GBP\/JPY is huge so pay attention to 135.15, 134.60 and 133.10-25 bounce. June trend line that is sitting at 135.15 has been broken and the pair needs to have a 4h close to possibly proceed to 136.00. However 138.38 is H4 camarilla weekly pivot so in case of strong risk on and good GDP CPI data, it can hit it at the end of the week. Retracement towards 134.60 zone could provide buying opportunities in the form of retest trade so watch any reaction within the 134.60 zone. Strong POC comes within 133.10-25 zone too (bullish order block, EMA89, historical buyers) and pair should bounce towards above mentioned targets.<\/p>\n<p>Follow <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/TarantulaFX\" target=\"_blank\">@TarantulaFX<\/a> on twitter for latest market updates<\/p>\n<p><b>Article by Admiral Markets<\/b><\/p>\n<p>Source: <a href=\"http:\/\/www.admiralmarkets.com\/analytics\/technical-analysis\/gbp-jpy-bullish-continuation-in-progress\" target=\"_blank\">GBP\/JPY Bullish continuation in progress<\/a><\/p>\n<hr style=\"border: 1px dotted #eee;\"><a href=\"http:\/\/www.admiralmarkets.com\/\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2016\/03\/AdmiralMarkets-sig-1.png\" align=\"left\" height=\"87\" width=\"141\"><\/a><\/p><div id=\"inves-1667349293\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p style=\"text-align: justify;\">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":"<p>By Admiral Markets Although the targets have been hit after our previous GBP\/JPY analysis, bullish sentiment still prevails as the dragon relentlessly flying towards 136.00 and further. Today&#8217;s early trading gave us more than 70 possible pips as shown in the live trading videos. There is still more room to the upside but we need [&hellip;]<\/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-98059","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/98059","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=98059"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/98059\/revisions"}],"predecessor-version":[{"id":98060,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/98059\/revisions\/98060"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=98059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=98059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=98059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}