2020.11.30 Pound/Yen market today’s price movement forecast and scenario

Pound/Yen Forecast: Using Indicators and Market Principles

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The market principles (indicators and EAs) that appear in the Elliott Wave and Chart Patterns in this article areFlag,Pennant, ranges andSymmetrical Triangle and other chart patterns and Elliott Wave waves and target rates can be displayed on the chart.

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 Produced by Indicator: Market Principles

The Pound Index has fallen, the Yen Index has risen, and Pound/Yen has fallen.

It did not consolidate in the lower zone, but fell to the 138.270 line overlapped with the first half of the bullish Elliott wave; the focus now is whether it will continue to fall and form a double top, or rebound here and form a symmetrical triangle.