GBPJPY; Massive Head & Shoulders forming on the Weekly!
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A massive Head & Shoulders formation on the Weekly chart (and, obviously, on the daily), forecasting a -9% plummet in this pair upon completion. (I.e. It will have to break down, first!)
There are a host of reasons why a total break down in this pair would be fundamentally justified, as well, but to highlight a few, in lead words:
- Cheap continental (EU) capital flow has long ceased - Brexit;
- Since 1990, while ~40% of EU manufacturing profits have "trickled down" to the "average Joe"s the same wealth transfer was limited to only ~8% of the UK's population. (E.g. Germany financed virtually all of the British capital expansion in the last 30 years which Britain freely squandered away, permanently.)
- Probably the most interesting/significant factor is this:
IFF A.I. fulfills even a fraction of the "hopes" attributed to it's recent rise and practical promises (GPT-x, etc.), interestingly enough Britain is in the "sweet spot" to be the most devastated by any value added by the "A.I. revolution"! (We have conducted an extensive, multi-month research project before arriving to this conclusion. Time allowing, we will attempt to include the most practical/trading related aspects of those results here.)
- Japan continues to come out of it's 30 year slumber and there are tangible signs of continuation of this progression. Also, in the presently unfolding multi-polar "new world order" the undeniable winning block will be most likely the NAFTA + Japan "manufacturing & trading block". At present, the two fastest developing regions of the world are;
1) Texas + Northern Mexico;
2) Japan + S.E. Asia (while China's problems remain well out of reach for any solution - I.e., demographics, etc.)
We are actively looking for a Short Entry at these levels.
Here is a closeup - Daily;
There are a host of reasons why a total break down in this pair would be fundamentally justified, as well, but to highlight a few, in lead words:
- Cheap continental (EU) capital flow has long ceased - Brexit;
- Since 1990, while ~40% of EU manufacturing profits have "trickled down" to the "average Joe"s the same wealth transfer was limited to only ~8% of the UK's population. (E.g. Germany financed virtually all of the British capital expansion in the last 30 years which Britain freely squandered away, permanently.)
- Probably the most interesting/significant factor is this:
IFF A.I. fulfills even a fraction of the "hopes" attributed to it's recent rise and practical promises (GPT-x, etc.), interestingly enough Britain is in the "sweet spot" to be the most devastated by any value added by the "A.I. revolution"! (We have conducted an extensive, multi-month research project before arriving to this conclusion. Time allowing, we will attempt to include the most practical/trading related aspects of those results here.)
- Japan continues to come out of it's 30 year slumber and there are tangible signs of continuation of this progression. Also, in the presently unfolding multi-polar "new world order" the undeniable winning block will be most likely the NAFTA + Japan "manufacturing & trading block". At present, the two fastest developing regions of the world are;
1) Texas + Northern Mexico;
2) Japan + S.E. Asia (while China's problems remain well out of reach for any solution - I.e., demographics, etc.)
We are actively looking for a Short Entry at these levels.
Here is a closeup - Daily;
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The Stop Hunt just above current price levels ...... is a nice, fat SELL Zone - provided a clear reversal in that area.
With the upcoming UK GDP numbers, chances are, this pair will make a final push to the top side. Retail positioning has recently jumped by +15% to the Longs, further favoring bearish price action in this pair.
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SHORT - w. tight stops.
Ghi chú
Boom!! ;-)
Ghi chú
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