4xForecaster
Short

$USD vs. $JPY Eyes 122.014; Model Defines 117.134 Target #forex

FX:USDJPY   U.S. Dollar/Japanese Yen
Friends,

As per Geo's "Off-Set Rule", attainment of a 5-second (5") will likely build a significant support at the price level corresponding to the geometry's Point-3. This range is defined as

- 122.012 to 121.576.


As per prior analysis, the Predictive/Forecasting Model remains bearish , having set a qualitative target that has remained unchanged since the first trimester of 2015, defines as:

TG-Lo = 117.134 - 06 MAR 2015 - Qual-Target: Moderate Probability


snapshot


OVERALL, price will likely find significant support within the 122.014/121.576 range. A break below this level is likely to cause a time-consumptive re-testing ("support-turned-resistance" event), before price would show any bearish commitment.

Best,


David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA


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Twitter:
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LinkedIn:
David Alcindor
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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
28 JUN 2015 - UPDATE:

From Twitter/LinkedIn:
----------
$USDJPY gaps to support as forecast; Bears still in charge per Predictive/Forecasting Model:

snapshot


$USD $JPY #BOJ #forex
----------


snapshot



David Alcindor
Reply
22 JUN 2015 - UPDATE:

From Twitter/LinkedIn:
----------
$USDJPY - Daily closed 9 times below Geo's 1-3 Line; Validates underside; Bears in charge:

snapshot


$USD $JPY #BOJ #forex
----------


snapshot



David Alcindor
+2 Reply
15 JUN 2015 - UPDATE:

From Twitter/LinkedIn:
----------
$USDJPY subdued < 1-3 Line; Significant support looms at Pt-3; Bearish target intact at 117.134:

snapshot


$JPY $USD #forex
----------


snapshot



David Alcindor
+4 Reply
10 JUN 2015 - UPDATE:

From Twitter/LinkedIn:
----------
$USDJPY rolled as forecast; Mulls proximal support at 122.014; Model's target lurks lower:

snapshot


$USD $JPY #BOJ #forex
----------


snapshot



David Alcindor
+3 Reply
thanks David i have the same analyst but i was predicting the market would retest 122 area and go higher possible to 134
Reply
I don't think so. You can see chart 4h price increase but MACD down.
Reply
Andrek1876 nhatlinh.lenguyen
ok..i was using the daily and weekly time frame as my analyst
Reply
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