2019.7.2　 Predicted moves and scenarios for GBP/JPY

Pound/Yen Forecast: Using Indicators and the Principles of the Market

Please note that this article is a single, one-off piece.

This market principle/principles (indicators and EA) can display chart patterns and Elliott wave counts and targets on the chart, such asFlag,Pennant, ranges, andTriangle consolidation on the chart.

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

Pound/Yen 4-Hour Chart Created by the Indicator/Market Principles

It has broken above the triangle, but when viewed in an extended frame, it seems to resemble an upward-sloping flag.
For continued upward movement, it seems necessary for the thin yellow dashed channel line to break upward somewhere.

＜Price Movement Forecast＞




＜Elliott Wave＞