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| Analyticdave GBPJPY Analysis |
War, Market Volatility, and Prediction of the Future: Economic Telescope
A Case of GBPJPY
The
Russian-Ukraine invasion saw the financial markets spin from minutes to days.
Trends changed, speculations erupted, new experts in wars and economics 101
surfaced. On the ground, innocent people in Ukraine were losing their lives;
sanctions were signed right, left, and center, but the destruction roomed.
Stock markets volatility reacted up, down, then ranged for days. Experts in the
financial markets link the ranging behavior to the peace meetings and conferences
between the two affected nations. But, could a keen look/analysis of financial
markets predict the possibility of life-changing and trend-changing events that
hit the financial market? Yes, AnalyticDave's Economic Telescope confirms that
charts/trend following is a king in predicting future situations and events in
the world.
Economic Telescope of GBPJPY
Since
24th February 2021, GBPJPY has been trying to break into the area
below148.683. It has not tried for one time, but over 9 times, the 10th
trial is coming soon. Predictably, it means that between the current price of
156.401, there are world events that will begin coming up to trigger a huge
volatility that will send GBPJPY below the 148.683 as it prepares its safe
landing to the zone below 140.xxx and 137.xxx.
Theoretically, the logical question that comes up is 'how do we know?' First, things do not just happen; they are unconsciously triggered by the "gut feelings" (a faculty generated by the unconscious mind rapidly sifting through past experience and cumulative knowledge, def cited PsychologyToday) of policymakers, financial controllers, and experts. A few hours ago, the rates were hiked, meaning DXY took a bull by its horns to the moon. On the other hand, the Russian-Ukraine meetings are ongoing. Meaning, a slight misunderstanding, break of deals, or even full capture of Kyiv will rally market volatility. Investors will be placing their bets on safe havens such as JPY, seeing GBP get into its knees. Without looking into other events, the two most recent happenings tell the world's future through the financial lens.
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