2019.1.17 FX-ON submission time 06:45 Pound/Yen price movement forecast and scenarios

GBPJPY Forecast - Using Indicator and Market Principles

Please note this article is a single-article sale.
These market principles (indicators and EA) allow displaying chart patterns such asflag,pennant, ranges andtriangle consolidation, as well as Elliott wave patterns, waves, and target rates on the chart.

GBPJPY 4-hour chart produced by Indicator and Market Principles

We are watching whether the resistance at 140.198 can be broken on the 4-hour closing price.
If it breaks above this level and the pullback acts as support, there is a potential surplus of 200–250 PIPS, so it might move upward to around 142.200–142.700.
If it does not function, it may aim again for around 137.920.