2019.7.22 Prediction and Scenario for GBP/JPY price Movement

GBP/JPY Forecast: Using Indicators and Market Principles

Please note that this article is a single article for sale.

These market principles (indicators and EA) can display chart patterns and Elliott Wave projections and targets on the chart, such asFlag,Pennant, ranges andSymmetrical triangles, 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 Indicators and Market Principles

In terms of range patterns, it appears to form a setup that might push downward once within the range.
If it does push downward, the 4-hour range is expected to be in the interval of 133.900–134.900.


＜Price Movement Forecast＞



＜Elliott Wave＞



＜Chart Patterns＞