GBP/JPY Elliott Wave Forecast 20th March, 2018

× Alert!
  • - Can't withdraw your funds from this fraudulent company?
  • - Have they asked you to pay excessive withdrawal fees or to deposit more funds?
  • - Or is there an excessive delay in processing your withdrawal?
  • - Are they trying to push you into depositing more money with them even without withdrawing the one you've already put in?

It's a CONFIRMED scam company, recover your stolen funds by clicking the button below, then fill out the form and you will get a FREE Mychargeback consultation today:

Click the button below, fill out the form to recover your lost funds from this scam company

Click Here To Recover Your Stolen Funds

GBP/JPY Elliott Wave Forecast 20th March, 2018

GBP/JPY Elliott Wave Forecast

GBP/JPY Elliott Wave Forecast in 15 Minutes chart

The bullish trend is present in GBP/JPY currency pair, 15 minutes time frame based on GBP/JPY Elliott Wave Forecast. As I have forecasted few hours ago, the price of GBP/JPY pair is going to rise up now on a short-term basis to prints a Bullish Impulse Elliott wave pattern and traders should look for a buy trade. So, all those Forex traders who have followed my analysis have made the right decision as price has ascended.

Advantages of using reliable cryptocurrency trading robots

These are the advantages of using tested and reputable crypto robots that automate trade and hit the profit target.

Why using FOREX Trading robots is the best move

There are reliable crypto robots that have been tested and seen to produce desired results. Go for these robots as they do offer much in terms of success.

Here are some of the pros of using dependable and tested cryptocurrency trading robots

  • Accuracy of trades

Unlike humans who don’t always have the best accuracy, these robots try to furnish traders with the best accuracy.

High profit returns is what these robots are after and tests indicate most of these recommended forex robots hit over 80 percent successful ROI.

Try SMARD today, it is a bot designed for crypto traders and investors which uses advanced algorithms to profit from market fluctuations. No programming or trading knowledge is required to start. The algorithm relies on momentum effect strategies to systematically identify market winners. Below are the key reasons why everyone loves    1. You get up to 5% average monthly return on your starting capital.    2. The 10% monthly service fee is charged from your profits only. They don't make money unless you do!      3. You can start with as little as $1000 in your exchange account, meaning that you just need to connect your existing exchange (or open a new one) with Smard and begin trading right away!    4. No upfront payments for the service.    5. It's a smart way of investing in your favourite crypto coins - btc/altcoins, hurdling them while at the same time growing their values through auto-trading instead of just buy and forget.   Operating through API keys, SMARD ensures secure connections without requiring fund transfers to third parties. No upfront payment or card linking is needed. Try Smard today and see the real potential of your crypto portfolio, no upfront fees to pay!

Click Here To Sign Up Now

  • Great customer support

You obviously want a platform that’s available to help you when needed. Most of our recommended cryptocurrency trading robots offer reliable 24/7 support.

Conventional crypto methods of trading such as brokers may not be there to help you with any issues faced.

  • Best in class

These recommended robots are best in class and offer investors the best way of investing in crypto and volatile markets.

The robots have been tested and proven to offer the best in terms of accuracy and overall efficiency in terms of crypto trading.

  • Unmatched customer support

Want to get the best out of crypto trading? You need to get support from reliable staff members all the time.

That’s why our recommended list of forex trading robots have without a doubt offered users the much needed 24/7 support.

Strong key support level is present at 148.38 price area which is the termination point of bearish wave iv corrective leg. In my judgment, price action in GBP/JPY currency pair is now rising up to prints a Bullish Impulse v leg. So, market is going to remain bullish on a short term basis. Next, expect a top and a drop as well. Based on Elliott wave analysis, the current bullish price action is the Bullish Impulse wave pattern which is part of a higher degree corrective Bullish Double Zig Zag Elliott Wave pattern – wave 2 leg.

Currently, Bullish Elliott wave pattern wave v looks in-complete. So, a good idea is to look for a possible buy trading chance to join an up trend around 149.27 price area. However; if the price of GBP/JPY currency pair breaks below 148.38 vital support level then up trend is going to end. In such a market scenario, it would be best not to trade the Forex market and re-do the GBP/JPY Elliott wave analysis in fifteen minutes chart.

If you are a trader who prefer to use robots and EAs to automate your trades and make them very profitable for you or require very good forex/stock training resources, please check this page.

Now, at this point; I must acknowledge that the trend is actually bearish in higher time frame of GBP/JPY currency pair.

GBP/JPY Elliott Wave Forecast in 4 Hours chart

Below is the 4 hours chart of GBP/JPY pair with my Elliott wave analysis which shows us a big picture and a well started bearish trend as well.

GBP/JPY Elliott Wave Forecast

To me; price is trying to complete the Bullish Double Zig Zag corrective pattern. Now, market is moving up to complete the corrective wave 2 leg. The bullish wave 2 leg is the last and final rise and price is going to start the decline and prints a possible bearish Impulse Wave 3 leg. Within the Bullish Double Zig Zag corrective pattern, all sub-waves must sub-divides into a corrective 3, and 3 waves pattern.

The following Elliott Wave Bullish Double Zig Zag corrective pattern diagram shows us a completed Bullish Double Zig Zag pattern within the frame work of Elliott wave principle.

Bullish Double Zig Zag
Based on my GBP/JPY Elliott Wave Forecast in 4 hours chart, we have got an in-complete Bullish Double Zig Zag corrective pattern at wave 2 location. Now, price is probably going to move sideways to up and then falls down to start printing the Bearish impulse wave 3 leg. To me; in fifteen minutes chart of GBP/JPY currency pair the bullish leg in price action is just a pull back in a down trend as mentioned above as Bullish Impulse wave leg inside a 15 minutes price chart.

Strong key resistance level is present at 156.59 in GBP/JPY four hours chart. So, I expect market to first rise up to print bullish corrective wave Y leg and then falls down to complete the wave 3 Bearish Impulse Wave pattern. So, in my opinion market is going to remain sideways and then resume the down trend in GBP/JPY currency pair, in 4 hours chart.

However; price should stays below 156.59 resistance area in 4 hours time frame to keep the down trend alive. A clear bullish break out in price action above 156.59 resistance area will end the down trend and in such a market scenario, it would be best not to trade the market and re-analyze GBP/JPY 4 hours chart.



Based on GBP/JPY Elliott Wave Forecast the trend is down in 4 hours chart and a good idea is to look for a sell trade around 152.65 price area, as price is going to drop more towards 144.65 but a clear bullish break out in price action above 156.59 vital resistance area will end the down trend. On a short term basis, it is a bullish trend in GBP/JPY 15 minutes time frame and a good idea is to take a buy trade around 149.27 price level and price is probably going to rise up towards 149.95 price level. However; if the price of GBP/JPY currency pair breaks below 148.38 vital support level then bullish trend is going to end. We recommend trading with these top-rated brokers when using our signals/analyses/forecasts as they handle your trades quicker and more efficiently with very low spreads and most of them have high trade execution rate.

Leave a Reply

Your email address will not be published. Required fields are marked *

YouTube video

Follow Us will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity. All trademarks, images and logos that appear on this site are copyrights of their respective owners and have been used under the Act of Fair Use.