4xForecaster

$GBP vs. $JPY Nears Significant Resistance | #BOE #BOJ #forex

4xForecaster Updated   
FX:GBPJPY   British Pound / Japanese Yen
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
Predictive Analysis & Forecasting
Durango, Colorado - USA


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Comment:
UPDATE - 26 JUN 2017:
A lot of time has passed since this release. Then again, last analysis suggested a decline, pointing to "structural levels below, at 163.079/161.453" as a long-term trade opp.

As of today (2 years and 10 days thereafter), price moved in the forecast direction:


A new trade opp is released in the CROW Signal Service at a much smaller timeframe, just as another target was hit.

Cheers,

David

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