$GBP v $JPY Unfolds Into Geo; Eyes 66.9 | #BOE #BOJ #brexit $EUR
SYNOPSIS:
1 - Fundamentals turn against $GBP; BOJ can't control strengthening $JPY: Net Bearish for $GBPJPY, expecting the strengthening #yen to carry a longer shaping effect in the overall geometry, as opposed to a weaker #pound
2 - Predictive/Forecasting Model is net bearish with TG-Lo = 87.772, TG-Lox = 66.900, WL = 38.992 in decreasing probability
3 - Background geometry develops internal pathognomonic of the Geo with reciprocal ab = cd symmetry in line with "Model" lowest qualitative target, TG-Lox
4 - Point-3 of Geo may represent Point-5' in current construction; Favors Point-5' - If so, apply Rule #2 of Geo's compesatory rule, making Point-4 the higher probable reversal target, itself a firm historical R/S level
5 - Invalidation occurs if price BACA > 163.895 handle
Best,
David Alcindor, CMT Affiliate #227974
- Alias: 4xForecaster (Twitter)
1 - Fundamentals turn against $GBP; BOJ can't control strengthening $JPY: Net Bearish for $GBPJPY, expecting the strengthening #yen to carry a longer shaping effect in the overall geometry, as opposed to a weaker #pound
2 - Predictive/Forecasting Model is net bearish with TG-Lo = 87.772, TG-Lox = 66.900, WL = 38.992 in decreasing probability
3 - Background geometry develops internal pathognomonic of the Geo with reciprocal ab = cd symmetry in line with "Model" lowest qualitative target, TG-Lox
4 - Point-3 of Geo may represent Point-5' in current construction; Favors Point-5' - If so, apply Rule #2 of Geo's compesatory rule, making Point-4 the higher probable reversal target, itself a firm historical R/S level
5 - Invalidation occurs if price BACA > 163.895 handle
Best,
David Alcindor, CMT Affiliate #227974
- Alias: 4xForecaster (Twitter)
For the kind readers who have followed my analysis on this $GBP vs. $JPY pair, here is where we left off in the prior forecast, which was generated on 16 JUN 2015, now slightly over one year ago:
Requote: ----------------------
Friends, Watch for resistance at 193.667 - Predictive Model calls for significant pushback - possibly reversal - at the following qualitative target:
- TG-Hi = 196.311 - 16 JUN 2015
Structural levels lurk below, at 163.079/161.453.
This is a L/T chart where the Predictive /Forecasting Model represents heavier players, and is therefore less representative of the synthetic market (i.e.: retail and institutional).
There are no market geometries considered at this time.
Best,
David Alcindor
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As price did turn dead-on at the forecast 196.311, it reversed as the predictive analysis had expected, based on a probability level that favored bears:
Due to the large timeframe, I will keep this chart at a distance, but feel free to add your comments.
Best,
David Alcindor, CMT Affiliate #227974
- Alias: 4xForecaster (Twitter)
PS: For those advanced - perhaps frustrated - technical analysts who feel like they "met their wall" and believe "there's got to be something more", I do reveal my entire method in a live, year-long private course, conducted one-on-one with pre-screened students. A solid foundation in technical analysis is required - The purpose of the private course is to turn the "price follower" into a "price forecaster".
Interested, serious inquiries only: Contact my assistant at admin@KADAInstitute.com for more information. I only take 1-3 students per month to focus on intense year-long tutoring, coaching and possible in-person teaching if schedule and geography permit - David Alcindor