2020.11.18 Pound/Yen exchange rate today’s price movement forecast and scenario

Pound/Yen Forecast using Indicators, and the Principles of the Market

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The market principles (indicators and EA) that appear in the Elliott Wave and Chart Patterns in this article areFlag,Pennant, ranges andSymmetrical triangle, etc., can display the wave patterns and target rates on the chart.

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

＜Pound Index – Daily Chart＞



＜Yen Index – Daily Chart＞


※ The charts used are 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 rise from the gap up.

Pound/Yen has entered consolidation.

In the yellow zone consolidation continues, but it seems like it is about to break up or down in the near future.