2020.11.27 Pound/Yen market today's price movement forecast and scenario

Pound/Yen Forecast: Using Indicators and Market Principles

This article is available for 1,000 yen per month on Investor Navisales are ongoing.

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> areFlag,Pennant, ranges andtriangle consolidation, etc., can be displayed on the chart as chart patterns and Elliott Wave waves and target rates.

Please verify the accuracy of the exit points in this article.

＜Pound Index - Daily Chart＞


＜Yen Index - Daily Chart＞


*Charts use those from https://jp.tradingview.com/.

＜Pound/Yen - Daily Chart＞

Pound/Yen 4-Hour Chart from Indicator: Market Principles

The Pound Index rose while the Yen Index stayed the same, but Pound/Yen fell due to the divergence from the indices.

We expect a right-side consolidation as the U-shaped chart pattern completes, but we will slightly adjust the range.

Previously, until yesterday, we anticipated a range around 139.269–750, or one tier higher in the 140.116–745 zone; however, we will change the lower bound of the lower consolidation zone from 139.269 to 139.000, and shift the zone to 139.000–750.

Currently, the image is still expecting consolidation in the upper zone, but if we cannot break above the nearby blue line, we will change the expectation to the lower zone consolidation.