2020.11.3 GBP/JPY market today's price movement forecast & scenario

GBP/JPY Forecast: Using Indicators and Market Principles

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The market principles (indicators and Expert Advisors) that appear in the article's Elliott Wave and chart patternsFlag,Pennant, ranges andTriangle Constraining chart patterns and the waves and target rates of Elliott Wave can be displayed on the chart.

Please confirm the high accuracy of the 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＞

GBP/JPY 4-Hour Chart with Market Principles and Indicators

Both the Pound Index and the Yen Index have fallen, and GBP/JPY has slightly declined.

The zone around 135.735–135.853 is being watched, keeping the head pressed down.

Similar to yesterday, if this zone can be surpassed, we expect to move toward around 136.600; if not surpassed, a move to roughly the mid-134s is anticipated.