4xForecaster

$GBP vs $JPY Mulls Tumble Toward 181.338 | #forex $USD #BOJ #BOE

Short
FX:GBPJPY   British Pound / Japanese Yen
Friends,

This pair has been quite clement with us, as it has consistently adhered to the Predictive/Forecasting Model forecast in recent and distant analyses.

At this time, there is a high-probability of reversibility, based on the Model's Qualitative Target having been reached at 187.590 from prior depth.




The current Predictive/Forecasting Model outlook does not consider a return to the abysmal level, but instead to a 181.338/180.939 range.

This is consistent with a background Geo overlay in which price might be under the "Off-Set Rule" constraint,mulling a probable decline and respite at the level corresponding to Point-4.


OVERALL:

Invalidation of the forecast would occur with price carving a structural high, whereas a conservative engagement in a trade would wait for a commitment below the 185.95 level - Not a trade recommendation: All educational, as we continue to elaborate on the Wolfe Wave and refine market-geo rules around this advanced geometry.

Best,


David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA


-----
Twitter:
@4xForecaster

LinkedIn:
David Alcindor
-----

.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.