2019.6.21　 Predicted movement and scenarios for GBP/JPY

GBP/JPY Forecast: Using Indicators and Market Principles

Please note that this article is a one-off sale.

This market principle/principles (indicators and EA) can display chart patterns and Elliott wave movements and target rates on the chart, such asFlag,Pennant, ranges and triangle consolidation, etc., on the chart.


Now, on the right side of the chart, let's check how it is displayed.

GBP/JPY 4-hour chart produced by the Indicator/Market Principles

Price movement predictions are as drawn on the chart.
Where is it heading? It is moving toward the target rate of the fifth Elliott wave, but after reaching the “false breakout target rate above the range,” there will be a need for energy to move downward, so it may stay in a range for some time.


＜Price Movement Forecast＞



＜Elliott Wave＞