4xForecaster
Short

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

FX:GBPJPY   British Pound/Japanese Yen
938 10 18
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.


snapshot


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


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Looks as a fine chart.. ! Thank you !!
+1 Reply
Hi David,

On a bigger TF (weekly), this is what I'm seeing. What is your opinion on it?
snapshot
+1 Reply
Hello @LighthouseKeeper - That would be too early for me to tell. I would not have enough data to draw any conclusion at this point. However, a rallying into higher-highs would be in line with completion of Elliott Wave's 5th wave.

David
+2 Reply
Yahia.Awes 4xForecaster
I am shorting here to buy again at 183 area, for higher targets if the situation remains the same.
Reply
David, I was short from the point u mentioned :) @187.14.. Now this pair reached new high of the year. When it gonna reverse, what do you think ?
+1 Reply
4xForecaster PRO shayalmathew
@shayalmathew - The forecast became invalid the moment price carved a structural high (from the riginal analysis: "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").

David
+2 Reply
alex.a 4xForecaster
Can you define "structural high" so that one can make a picture of "structural high?"
+1 Reply
@alex.a - A structure can be thought of a peak or trough. A structural high is the most proximal or most recent highest peak. A structural low would be the most recent low.

David
Reply
anish_206 4xForecaster
Is it possible to short now with stops at 190.60 ?
Reply
alex.a 4xForecaster
Current time frame's swing high?
Reply
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