2021.8.3 Pound/Yen market today’s price movement forecast and scenario

< Pound Index - Daily Chart >

< Yen Index - Daily Chart >*The chart used is from https://jp.tradingview.com/.

< Pound/Yen - Daily Chart >

Indicator and Principles of Market Theory: Pound/Yen 4-hour Chart

The Pound Index is falling. The Yen Index is rising. Pound/Yen has been falling.

Because the line at 152.600 is being watched as resistance, there is a possibility of falling to around 151.300.

＜Price Movement Forecast＞

＜Elliott Wave＞

Indicator and Principles of Market Theory: Pound/Yen 15-minute Chart

It has reached the previously anticipated line at 151.850.