2020.10.28 GBP/JPY market today's price movement forecast・scenario

GBP/JPY Forecast: Using Indicator and Market Principles

This article is sold for 1,000 yen per month on Investment Navigator.

The market principles (indicators and EA) that appear in the Elliott Wave and chart patterns in this articleFlag,Pennant, ranges andtriangle consolidation, etc., can be displayed on the chart as chart patterns and Elliott Wave waves and target rates.

Please check the high accuracy of exit points in this article.

＜Pound Index - Daily Chart＞


＜Yen Index - Daily Chart＞


※ The charts use those from https://jp.tradingview.com/.

＜GBP/JPY - Daily Chart＞

Indicator: Market Principles and the GBP/JPY 4-Hour Chart

Both the Pound Index and the Yen Index rose, but perhaps because the Yen Index rose more steeply, GBP/JPY fell slightly.
It was a bit surprising that the USD/JPY was declining.

The velocity lines of the Elliott Wave have thickened and the font size has increased; we plan to improve this portion and upgrade the version.
Currently, because text is garbled, after correcting this, we will distribute to users and upload to the purchaser site as well.

Currently, the price is near the high of Elliott Wave 1 on the daily chart of GBP/JPY, making it difficult to move downward.

Because two Elliott Wave segments are appearing up and down, either direction could be expected to move.)