2020.12.21 Pound-Yen exchange rate today's price movement forecast and scenarios

Pound-Yen Forecast: Using Indicator and Market Principles

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The market principles (indicators and EA) appearing in the Elliott Wave and chart patterns in this articleFlag,Pennant, ranges andSymmetrical triangle, etc., can be displayed on the chart as chart patterns and Elliott Wave waves and target rates.

Please confirm 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＞

Indicator and Market Principles Show Pound-Yen 4-Hour Chart

Both the Pound Index and the Yen Index are declining.

Pound-Yen has moved toward a stronger yen direction.

If the red horizontal line at 140.116 is broken, it may rise to around 141.347.