2020.12.30 Pound-Yen exchange rate today’s price movement forecast・scenario

GBP/JPY 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 article areFlag,Pennant, ranges andsymmetrical triangle, etc., and their waves and target rates can be displayed on the chart.

Please verify 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/.

＜GBP/JPY - Daily Chart＞

GBP/JPY 4-hour Chart from Indicator and Market Principles

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Both the Pound Index and the Yen Index have risen.
GBP/JPY has risen.

Although the range of movement is small, if price breaks the range of 139.450–140.100, an upside break could move toward around 140.750, and a downside break could move toward around 138.650.