GBPCHF will continue to bearish by breaking the monthly lower ceiling and extended to short term and may extended to medium term lower ceiling.
GBPJPY will break the monthly lower down to short term and may extended to medium term lower ceiling.
Price dynamics bullish for long trade
Price dynamics continues to bearish forshort trade
Price dynamics consistent to short trade
Price dynamics consistently bearish for short trade
The multilateral currency band indicates that JPY is being stronger than G-8 currencies in medium term (including USD). It is being driven by the result of JPY investors are being liquidating their investment from foreign portfolios. At such, AUDJPY, NZDJPY, CADJPY, GBPJPY, EURJPY, CHFJPY and USDJPY are being bearish with mixed target zones. The USDJPY target...
The bilateral currency band indicates for USD to be stronger than AUD, NZD, CAD, GBP, EUR and CHF in medium term with mixed target zones. The estimated target zones for EURUSD and USDCHF estimated for 5-6 % and wider for AUDUSD, NZDUSD, USDCAD and GBPUSD. The directional price dynamics is being bullish for USDCAD and USDCHF from the central rate/target...
The current estimated lower ceiling by currency band method is 1.1500 for medium term bearish. However, alignment on the target rate could be experienced during this pandemic market environment. However, BoE likely has the same measures of target rate at lower ceiling.
The EURUSD may limit the bearish for 5-6 % of target zone by pressuring the EURUSD from 1.1400 to 1.0700. Any extension to downward is subject to future analysis.
USDJPY likely will limit the bearish to the lower ceiling/lower band for estimated 5-6 % from the current central rate/target rate/central parity for which JPY to be stronger in medium term for 5-6 % to USD. The JPY price to AUD, NZD, CAD, GBP, EUR and CHF will be limited by their prices to USD (major pairs) versus the USDJPY by their average traded weighted...
Central rate or target rate by monetarists or central parity by economists are similar as the basis for turning point at the upper ceiling/upper band and at the lower ceiling/lower band of the target zone. Their prices could be debated by adjustment to inflation differentials, interest rate differentials and the average traded weighted rates of the major and...
The bearish is in the card for medium term
The bearish is slower than anticipated
The bearish could be slower than anticipated
Medium term bullish may faster than expected
The bullish is assured but too slow