2020.11.24 GBP/JPY exchange rate today's price movement forecast・scenario

Pound/Yen Forecast: Using Indicators and Market Principles

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

The market principles (indicators and EAs) that appear in the Elliott Wave and chart patterns in this articleFlag,Pennant, ranges andtriangle consolidation, etc., can be displayed on the chart as wave patterns and target rates.

Please check the high accuracy 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＞

Indicator: Market Principles and the Pound/Yen 4-Hour Chart

Pound Index rises, Yen Index falls sharply.
Pound/Yen has moved upward.

A false breakout from the range was followed by a pullback to around 138.300, and then a breakout to the upside.

From a chart-pattern perspective, it may rise up to around 138.820.