$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)

Komentarz:

27 JUN 2016: Chart Update / Tech-Note:

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
-----------------------

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 [e-mail] 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