2020.11.16 Pound/Yen exchange rate today’s price movement forecast and scenarios

Pound-Yen Forecast: Using Indicators and Market Principles

This article is sold for 1,000 yen per month on Invest Navi.

The market principles (indicators and EA) that appear in <エリオット波動> and <チャートパターン> in this article can display on the chart patterns such asFlag,Penant, ranges andTriangle consolidation, the waves of Elliott Wave and target rates on the chart.

Please check the high accuracy of exit points in this article.

＜Pound Index – Daily Chart＞


＜Yen Index – Daily Chart＞


※ The charts use those from https://jp.tradingview.com/.

＜Pound-Yen – Daily Chart＞

Pound-Yen 4-hour chart produced by the Indicator and Market Principles

Both the Pound Index and the Yen Index have risen, and Pound-Yen has been rising.

The 2/3 retracement level seems to be in focus, but as long as this is not broken, the downward movement is likely to be limited.