Great day, & thank you for your time, ok let get too it. Sterling is currently at 1.4819 12/31/2015 it's been a bearish year against the Greenback which is no surprise, in my last blog just over a year ago, I suggested GBP/JPY for a Sterling bull, well it didn't happen! ((GBP/NZD) WAS THE STRONGEST STERLING BULL IN THE MAJOR PAIRS)) Sterling & the powers that be aren't hawks & haven't been in years. Oh, sterling was at 1.5559 (GBP/USD) just over a year ago when I post my last blog! Greenback is raising rates & the strongest it's been in 19 years!! Here's a quick review & my forecast for 2016. Finally I stand by my forecast & stay, (GBP/JPY) is the "HOLLY GRAIL", due to it's volume & volatility for short-term or super active traders, as always the keys are: trading with the trend & keeping your loses low.
GBP/USD IS CURRENTLY AT 1.4819 & BEARISH, STERLING WAS A LOW AT: 1.4593 04/01/2015 & REACH A HIGH OF: 1.5916 (06/2015) FOR THE YEAR, GREENBACK CONTROLS STERLING THE REST OF THE YEAR & WITH FUTURE A RATE INCREASE LIKELY STERLING WILL REMAIN BEARISH, WITH THIS CURRENT GEO-POLITICAL STATUS IN LONDON. STERLING BELOW, 1.5000 IS A SHORT & IT MEANS A HIGH PROBABILITY OF A GLOBAL RECESSION (REVIEW PREVIOUS BLOGS FOR MORE DETAILS ABOUT 1.5000) .
GBP/JPY THE "HOLY GRAIL" DUE TO IT'S VOLUME & VOLATILITY IS CURRENTLY AT 178.40 & BEARISH! WITH THIS CURRENT MARKET CONDITION, THE GREENBACK & YEN ARE BEING TREATED LIKE "SAFE HAVENS" DEPENDING ON THE PAIR & HAVE BEEN POWERFUL IN 2015. STERLING WAS AT: 187.29 JUST OVER A YEAR AGO AT MY LAST BLOG SPOT. STERLING VS. YEN HAS VERY STRONG TRENDS BUT IN MY LAST BLOG I WAS BULLISH BUT STERLING NEVER BROKE MY FIRST RESISTANCE LEVEL FOR A BULLISH 2015 AT: 200.00. FURTHERMORE AS STATED BEFORE, THE NON-CONSERVATIVES ARE CONTROLLING LONDON & THEY AREN'T HAWKS! STERLING HIT A LOW OF: 174.75 ON 04/01/2015 BULLISH AFTERWARDS HITTING A HIGH OF YEAR AT: 195.50 (06/2015), NOT TESTING 200.00. HOWEVER AS I HAVE STATED BEFORE, THE STERLING YEN PAIR DOES OFFER GREAT OPPORTUNITIES DUE TO IT'S VOLUME AND VOLATILITY! RISK MANAGEMENT AS ALWAYS IS THE KEY!!!
FINALLY, GBP/NZD, STERLING SHOWED A STRONG BULLISH TREND WITH A LOW OF: 1.9376 ON 04/01/2015 & DRIVING UPWARDS TO: 2.5269 06/2015. STERLING HAS BEEN BEARISH SINCE JUNE OF 2015.
NOW IN 2016, I'M NOT PREDICTING A DIRECTION (WELL I WOULD SAY, BEARISH) OR BEING BIAS A BULLISH STERLING, I STRONGLY SUGGEST FOCUSING ON STERLING PAIRS!!! & TRADING THEM!! THEY OFFER GREAT VOLUME! & VOLATILITY!, BUT IN THE CURRENT MARKET CONDITION GLOBALLY, TECHNICALLY, FUNDAMENTALLY OR GEO-POLITICALLY I DON'T SEE A BULLISH STERLING DEVELOPING. I THINK FROM A GEO-POLITICALLY POINT OF VIEW THE UP COMING ELECTION IN STATE'S WILL OR COULD CHANGE STERLINGS NON-HAWKISH ATTITUDE, BUT THAT'S ONLY IF THE REPUBLICANS WIN, WELL ACTUALLY I WOULD SAY, MR. BUSH MUST WIN & MR. TRUMP SEEMS TO BE THE FAVORITE BUT TIME WILL TELL.
(UPDATED 01/01/2016, I'M ADDING THIS PARAGRAPH) ONE OTHER FUNDAMENTAL FACTOR ABOUT STERLING BEARISH DIRECTION THAT MAY ACTUALLY HAMMER STERLING BEARISH IS: "LONDON EXPORTS", EXPORTS ARE ABOUT 23% OF ECONOMIC OUTPUT AS OF THIS EMAIL & DUE TO STERLING'S HIGH EXCHANGE RATE GLOBALLY, EXPORTS ARE VERY, VERY EXPENSIVE TO MERCHANTS WORLDWIDE, YES WE KNOW LONDON'S EXPORT QUALITY IS EXTREMELY HIGH. FINALLY IF EXPORT OUTPUT DROPS, STERLING WILL DECREASE IN VALUE, THE PRICE OF STERLING HAS TO DECREASE TO INCREASE EXPORT OUT! BASICALLY I WOULD SAY KEEP A CRITICAL DETAIL EYE ON LONDON EXPORTS THIS YEAR, IF THE POWERS THAT BE, DECIDE TO INCREASE EXPORT OUTPUTS, THEN I WOULD SAY THERE'S A GREAT CHANCE, STERLING VALUE WILL HAVE TO DECREASE TO MAKE EXPORTS MORE AFFORDABLE. LONDON TOP EXPORTS:
PEARLS, GEMS, PRECIOUS METALS, COINS, MACHINERY, MINERAL FUELS, VEHICLES, PHARMACEUTICALS, ELECTRONICS, OPTICAL TECHNICAL & MEDICAL APPARATUS, AIRCRAFT & SPACECRAFT!, ORGANIC CHEMICALS & PLASTICS.......
IF READY TO LEARN TO TRADE, I WILL TEACH YOU ONLINE, I HAVE 11YEARS EXPERIENCE & HAVE A GREAT METHOD FOR PROFIT & YES 20% OF MY METHOD WAS DEVELOP IN THE LAST 8 MONTHS, THE LEARNING CURVE IS ON-GOING BECAUSE THE MARKET IS LIQUID & YOU MUST CONTINUE TO DEVELOP. I ALSO WILL MANAGE A ACCOUNT FOR YOU, I SUGGEST A "ECN" WITH A LEVERAGE OF 500:1. THE CLIENT (YOU) CONTROL ALL FUND TRANSACTIONS 100%, I ONLY CONTROL THE MT4 TRADING PLATFORM FOR BUYING AND SELLING ASSETS FOR PROFIT. PROFITS ARE SPLIT: 67%/33% IN YOUR (CLIENTS) FAVOR! WWW.OCTAFX.COM HAS A GREAT ECN (NON-U.S.A. CUSTOMERS) STARTING AT A LOW OF $50. THE BEST "STP ACCOUNT" WITH THE HIGHEST LEVERAGE (3000:1) IS AT: WWW.FXGLORY.COM (U.S.A. CLIENTS WELCOME). "ECN ACCOUNTS" FOR U.S.A. RESIDENTS COST MORE, THE LOWEST IS: $400 OPENING DEPOSIT. PLEASE DO A GOOGLE SEARCH AND REVIEW THE BEST OPTION OR LET ME KNOW AND I WILL OFFER YOU THE BEST CHOICE FOR FINANCIAL SUCCESS.
THANK YOU FOR YOUR TIME AND HAVE A GREAT DAY!
AS ALWAYS TRADE WITH TREND!
TRADE WITH THE TREND!
TRADE WITH THE TREND!
KEEP STRONG RISK MANAGEMENT!
REVIEW YOUR ECONOMIC NEWS DAILY FIRST BEFORE TRADING!
USE YOUR PIVOT POINTS (HOURLY/DAILY)!
WATCH FOR MAJOR TREND CHANGES USING THE 200 M.A. ON THE H1 & H4 TIME-FRAMES!
MUCH GRATITUDE:
GREGORY C. JOHNSON, JR.
CHIEF CURRENCY STRATEGIST
EMAIL: IDOMINATEFX@GMAIL.COM
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