2019.6.24 Forecast and scenarios for pound-yen price movement

Pound/Yen Forecast: Using Indicator and Market Principles

Please note that this article is a single article sale.

The market principles (indicators and EA) includeflag,pennant, ranges andtriangle consolidation, and oscillations and target rates of Elliott waves can be displayed on the chart.

Now, on the right side of the chart, let's check how they are displayed.

Pound/Yen 4-hour chart generated by the Indicator and Market Principles

When looking at the chart,pennantseems to be forming.
Considering a potential breakout direction, since the target rate of the fifth wave of Elliott waves is still lower, the probability of a downward move appears somewhat higher, but the impression from the chart is nearly neutral.




＜Price Movement Forecast＞




＜Elliott Wave＞