2018.11.15 FX-ON post time 06:25 Pound/yen price movement forecast and scenario

GBP/JPY Forecast: Using Indicators and Market Principles

Please note that this article is a single-sell article.

These market principles (indicators and EA) can display chart patterns and Elliott wave counts and target rates on the chart, such asflag,pennant, ranges, andtriangle consolidation, etc., on the chart.

Now, on the right side of the chart, let's check how they are displayed.

GBP/JPY 4-hour chart produced by Indicators and Market Principles

The 4-hour chartSame as yesterday, if each line is broken through or breached by the 4-hour close, there is a high likelihood of reaching the next upper or lower line.