VVAIFU looks good on the backtest. It is looking for support on previous highs. If the price falls back into the structure below, just be ready to accumulate the emotional selling. Momentum and trend still look like they want to push down so I would be prepared for that pressure.
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Factors Supporting the Bullish Bias 1. Monetary Policy Divergence (Strong): • The Bank of England (BoE) maintains a relatively hawkish stance with a 4.75% interest rate, while the Bank of Japan (BoJ) continues its ultra-dovish monetary policy. • The significant yield differential between GBP and JPY creates strong support for GBP/JPY, especially as global investors seek higher returns. 2. Economic Growth Advantage (Moderate): • The UK economy is showing resilience with stable GDP growth, strong consumer spending, and a robust labor market. • Japan’s economy remains weak, with GDP forecasts downgraded to ~1.0% for FY2025, largely due to rising import costs and stagnant domestic demand. 3. Inflationary Pressure in the UK (Strong): • Persistent inflation in the UK forces the BoE to maintain restrictive monetary policies, which supports GBP strength. • In contrast, Japan’s inflation is subdued, justifying BoJ’s accommodative stance and limiting JPY strength. 4. Political Stability in the UK (Moderate): • Post-Brexit stabilization enhances the pound’s appeal compared to Japan’s economic policy struggles, but the impact is not overwhelmingly strong. 5. Risk-On Sentiment (Variable): • A bullish GBP/JPY bias is often tied to global risk-on sentiment, where investors prefer higher-yielding currencies like GBP. However, this factor can shift quickly with geopolitical or macroeconomic developments. Factors That Could Weaken the Bullish Bias 1. Risk-Off Sentiment (Weakens Bias): • In periods of heightened geopolitical tension or global economic uncertainty, JPY strengthens as a safe-haven currency. If such conditions arise, they could temporarily cap GBP/JPY gains. 2. Market Overextension (Limits Momentum): • GBP/JPY has already experienced a strong rally in recent months. Markets could see profit-taking or technical corrections, which may slow further bullish momentum. 3. Upcoming Data Risks (Neutral to Weakens Bias): • UK GDP data (January 5, 2025): Any significant downside surprise could weaken GBP temporarily. • Japan inflation (January 6, 2025): A higher-than-expected inflation reading could fuel speculation of BoJ tightening, which would strengthen JPY.
Description: This trading idea centers on MOVE, a cryptocurrency designed to revolutionize the decentralized finance (DeFi) sector by providing innovative solutions for financial transactions and asset management. MOVE focuses on creating a seamless and user-friendly ecosystem that bridges traditional finance with blockchain technology, offering unique functionalities such as optimized payment processing, efficient lending, and robust staking rewards. With its growing adoption and partnerships in the DeFi space, MOVE has the potential to establish itself as a key player in the next generation of financial systems. Despite its promising fundamentals, the cryptocurrency market is inherently volatile and influenced by various external factors, including regulatory changes, macroeconomic trends, and technological advancements. Investing in MOVE requires careful analysis and the implementation of sound risk management strategies. Disclaimer: This trading idea is provided for educational purposes only and should not be considered financial advice. Trading and investing in cryptocurrencies like MOVE involve substantial risks, including the possibility of losing your entire investment. Always conduct thorough research, evaluate your financial position, and consult a professional financial advisor before making any investment decisions. Past performance is not indicative of future results.
? - Entry:** $11.40 - Target 1 (T1):$10.79 ? - Target 2 (T2): $9.69 ? - Stop Loss: $12.17 ? Summary: Short trade targeting $10.79 (T1) for quick gains and $9.69 (T2) for extended profit, with risk managed by a stop loss at $12.17. ?? @gabbi3929 @AbdulMAnsari
Company is doing great, project site has some of the highest helium concentrations I've seen. Look at that long period of accumulation and this curl up. This will easily move another 40%, perhaps more. Another helium play that should move is Desert Mountain Energy. They are a producer and should report promising revenue this month.
2 weeks ago we had opened wid a downward window. Now we are going to retrace the decline and may go to close the window.
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BTC dominance followed previous analysis nicely and had an upward move which was in fact the retest of the long term ascending trendline as well as the 58% zone. The retest seems to have been completed and BTC.D appears to be heading for much lower levels. This means more focus should be placed upon altcoins as they will probably out-perform BTC from now on provided that BTC doesn't dump heavily. in other words as long as BTC.D is dropping and BTC remain steady or rising, we can experience an alt-party/ altseason.
Dow Jones remains bearish on its 1D technical outlook (RSI = 40.772, MACD = -242.050, ADX = 47.872) as despite trading on the 1D MA100, it has failed yet to recover the 1D MA50. Technically though, the price action is sitting exactly at the bottom of the long term Channel Up and the 1D RSI has formed a bottom fractal identical to those of June and April 2024. The minimum target on those has been +7.65% but since we have the R1 level to consider as Resistance, that will be our target (TP = 45,000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##