4xForecaster
Long

High-Prob #sterling Pounds At Bulls Door | $GBP $USD #BOE #forex

FX:GBPUSD   British Pound/U.S. Dollar
PREDICTIVEFORECASTING MODEL:

High-probability reversal at nominal target, TG-Lo

- TG-Lo = 1.53512 - 24 DEC             2014

AND

- TG-Hi = 1.92219 - 24 DEC             2014

Above predictive data correlates with following standard technicals:

1 - L/T trendline support
2 - Narrow R/S band ("Bullish Entrenchment")
3 - Taut RSI in historical bullish trigger-reversal level


OVERALL:

High-probability reversal at level defined above, based on predictive/forecasting model and technical corroborating supports.

Overhead target ("TG-Hi") is based on predictive/forecasting model - Although, here too, a R/S level is appreciable.


David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA


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Twitter: @4xForecaster
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David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

Signal Service or Private Course - Contact: MarketPredictiveAnalysis@gmail.com
All updates on https://twitter.com/4xForecaster
Thank, my view is more to go first to 1.40 and may 1.10 in the comings years
Reply
eurusd or gbpusd?
Reply
this price would mean that the dollar is gonna collapse, but what would indicate this? i dont think so recently...
+1 Reply
@lovasz.levente - ... collapse ... ?

The value reached 2.11602 in November 2005. The target is defining a lesser value.

Not sure I understand your definition of monetary collapsing.

David
+1 Reply
Recluse82 4xForecaster
ok it was not a proper world, but i meant a potential big weakening period for dollar and now i don't see this in fundamentals, beacuase dxy is in a strong uptrend and what you predict is not a pullback. this would be a big trend reversal
Reply
wyz22 Recluse82
An increase in GBPUSD not necessarily mean a weakening dollar. It could also mean that the British pound is gaining strength faster than the US dollar. And if the BOE increase the interest rate - as they are planning to early next year - it can happen very easily.
+2 Reply
such a strenght couldn't be the cause of pound without any dollar weakness. at these highs what price wouls indicate in eurusd 1,50?
Reply
Wolf Recluse82
Yes, very strong indeed, however, a correction is very possible:

snapshot
Reply
hi David,Thank you so much for this informative chart.
merry Christmas.
+2 Reply
merry christmas David !
+1 Reply
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