2021.6.14 Pound-yen exchange rate today's price movement forecast・scenario

<ポンド指数・日足>

<円指数・日足>

※The chart uses the one from https://jp.tradingview.com/。

＜ポンド円・日足チャート＞

Indicator and Market Principles: Pound/Yen 4-Hour Chart

Both the Pound Index and the Yen Index are declining. The Pound/Yen has fallen.

Currently, the 154.600 level is being watched and acting as support, but if the price does not break this and breaks above the trendline, it could reach around 155.900–156.100.

If the 154.600 level is broken, the price may move toward around 154.000–154.200.

＜Price Movement Forecast＞

＜Elliott Wave＞

＜Chart Patterns＞

Indicator and Market Principles: Pound/Yen 15-Minute Chart

It is consolidating near the 2/3 retracement line, and if this line functions as support, it could move up to around 155.100.

If it acts as resistance, it seems likely to move toward around 154.100.

＜Elliott Wave＞

Pound/Yen Outlook

The decline toward 154.000 is considered to have ended with the 154.118 adjustment.

From here, there is a high likelihood of breaking out of the flag to the upside.