You will come across specific terms in these notes (FLD, VTL, and so on). Rather than explain them each time, you will find definitions here: guidance notes for Hurst cycles terminology
GBPJPY – dropping towards the 20 week cycle trough.
Price has just rolled through a high magnitude top, the 40 week cycle peak. This has bearish implications. So far the component 40 day cycle peak is confirmed as the 20 day VTL and 40 day FLD have been crossed down. The 40 day cycle arcs have been plotted. The next 40 day cycle trough (and by cycle trough synchronicity also the 80 day and 20 week cycle troughs) is due at the end of December towards the 182 handle.
This post was first published on Hurst Cycles Notes.
