2020.11.4 Pound-Yen market today's price movement forecast and scenario

Pound-Yen Forecast: Using Indicators and Market Principles

This article is available for 1,000 yen per month on Investment Navigator.

The market principles (indicators and EA) appearing in the Elliott Wave and Chart Patterns in this articleFlag,Pennant, ranges andTriangles, etc., can be displayed on the chart as chart patterns and Elliott Wave waves and target rates.

Please confirm the high accuracy 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＞

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

The Pound Index rose sharply, the Yen Index rose, and the Pound-Yen has been rising.

Currently, it is being held down by a downward-sloping yellow trend line on the right shoulder.

If this trend line is breached, there is a possibility of rising to around the next yellow trend line, roughly in the 137 yen range.