2020.11.26 GBP/JPY Market Today’s Price Movement Forecast and Scenario

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

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The market principles (indicators and EA) that appear in this article's Elliott Wave and Chart PatternsFlag,Pennant, ranges, andTriangle Consolidation can be displayed on the chart as patterns and Elliott Wave waves and target rates.

Please verify the high precision of exit points in this article.

＜Pound Index – Daily Chart＞


＜Yen Index – Daily Chart＞


* The charts use ones from https://jp.tradingview.com/.

＜Pound-Yen – Daily Chart＞

Indicator: The Pound-Yen 4-Hour Chart Produced by Market Principles

Pound index is rising, yen index is rising slightly.

The Pound-Yen has risen.

The price movement image shows a U-shaped chart pattern nearing completion, so there is a high likelihood of a consolidation point forming to the right.

There is an image where the consolidation occurs in the range around line 139.269 to 139.750, or perhaps in the next higher range around 140.116 to 140.745.