2020.12.22 Pound/Yen exchange rate today's price movement forecast・scenarios

Pound-Yen Forecast: Using Indicators and Market Principles

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The market principles (indicators and EA) appearing in the article's <エリオット波動> and <チャートパターン> can display chart patterns such asFlag,Pennant, ranges andSymmetrical Triangle on the chart with their wave counts and target rates.

Please check the high accuracy of exit points in this article.

＜Pound Index - Daily Chart＞


＜Yen Index - Daily Chart＞
※ The charts use ones from https://jp.tradingview.com/.

＜Pound/Yen - Daily Chart＞

Pound-Yen four-hour chart produced by the Indicator and Market Principles

Both the Pound Index and the Yen Index are declining.

The Pound-Yen has been falling.

Looking at the chart patterns, it seems one side is about to break soon.

It looks like a battle around a right-shouldered downward yellow trendline will ensue.

If it closes above it and does not break on a pullback, it will move higher.

If it breaks below it and cannot reclaim on a pullback, it will move lower.