2020.12.25 GBP/JPY Market Daily Movement Forecast and Scenario

Pound-Yen Forecast: Using Indicators and Market Principles

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The market principles (indicators and EA) that appear in the Elliott Wave and chart patterns in this article areFlag,Pennant, ranges, andsymmetrical triangles, etc., and the wave and target rate of Elliott Wave can be displayed on the chart.

Please confirm the accuracy of the 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＞

Pound-Yen 4-Hour Chart Produced by Indicators and Market Principles

The Pound Index is rising; the Yen Index remains unchanged.
The Pound-Yen has risen.

With this rise, the downward Elliott wave has disappeared, leaving only the upward Elliott wave.
Since the chart pattern has broken upward, as long as it does not enter the rectangular frame, it is expected to continue rising toward 141.760.