2020.11.20 Pound-Yen exchange rate today’s price movement forecast and scenario

Pound/Yen Forecast: Using Indicators and the Principles of the Market

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

The market principles (indicators and EA) that appear in the article's <エリオット波動> and <チャートパターン> areFlagPennantTriangles in consolidation

Please confirm the high precision of 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 as Indicated by the Indicator and Market Principles

The Pound Index is falling, the Yen Index remains unchanged.

Pound/Yen has declined subtly.

It has broken below the yellow consolidation zone, but unlike the dramatic move envisioned, it settled into a movement that can be imagined through technical analysis.

Since the 2/3 retracement level is still in play, it is not clear whether it will move up or down.