EUR/JPY Hidden Bullish Divergence Within the Zone

By Admiral Markets

The EUR/JPY has formed a hidden bullish divergence and both the PPR and AP channel are pointing to the upside. Bulls are dominating the market so pullbacks could be possibly bought into on intraday time frame providing that the pair stays above the D L5 132.38. The POC zone is 132.80-95 ( D L4, AP channel low, ATR pivot,61.8, W H4, EMA89). Targets are 133.14, 133.70 and 134.00. If the price doesn’t pullback in the POC watch for pin bar rejections off the D L3 pivot.

W L3 – Weekly Camarilla Pivot (Weekly Interim Support)

W H3 – Weekly Camarilla Pivot (Weekly Interim Resistance)

W H4 – Weekly Camarilla Pivot (Strong Weekly Resistance)


Get our Weekly Commitment of Traders Report: - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.




Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter






D H4 – Daily Camarilla Pivot (Very Strong Daily Resistance)

D L3 – Daily Camarilla Pivot (Daily Support)

D L4 – Daily H4 Camarilla (Very Strong Daily Support)

PPR – Progressive Polynomial Channel

AP -Andrew’s Pitchfork

POC – Point Of Confluence (The zone where we expect price to react aka entry zone)

Follow @TarantulaFX on twitter for latest market updates

Sign up for Live Trading Webinars with Nenad Kerkez T

Connect with Nenad Kerkez T on Facebook for latest market update

Article by Admiral Markets

Source: EUR/JPY Hidden Bullish Divergence Within the Zone


Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.