2020.11.23 Pound-Yen market today’s price movement forecast・scenario

Pound/Yen Forecast: Using Indicator and Market Principles

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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 andTriangles and other chart patterns, and the wave and target rate of Elliott Wave can be displayed 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 Displayed by Indicator and Market Principles

The Pound Index is rising, and the Yen Index is slightly falling.
Pound/Yen has risen.
Looking at the Pound Index, the line to be watched is right above, so it seems likely to trade in a range for a while.

Pound/Yen has temporarily broken below the yellow zone range, but since it did not reach the target value, it may return toward around 138.300.

The 2/3 retracement line is currently effective.