2020.12.10 Pound-Yen Exchange Rate Today’s Price Movement Forecast / Scenario

Pound/Yen Forecast: Using Indicators and Market Principles

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The market principles (indicators and EAs) that appear in this article's Elliott Wave and chart patternsFlag,Wedge, ranges andSymmetrical Triangles, etc., can be displayed on the chart as wave patterns and target rates.

Please check the high precision 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＞

The Pound/Yen 4-hour Chart as Indicated by the Indicator and Market Principles

It broke upward from the range and has moved above the yellow trend line.

Currently, this breakout is either genuine or the market is checking by testing the trend line.