2021.8.4 Pound to Yen exchange rate Today's price movement forecast・Scenario

＜Pound Index - Daily＞

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

＜GBP/JPY - Daily Chart＞

Indicator and Market Principles: GBP/JPY 4-Hour Chart

Pound index remains unchanged, yen index rises.

GBP/JPY has entered a consolidation phase.

It has fallen to 151.300, so consolidation is expected around this price range.

＜Price Movement Forecast＞ ＜Elliott Wave＞

Indicator and Market Principles: GBP/JPY 15-Minute Chart

As previously forecast, it broke the 151.700 line, fell to the 151.300 line, then rebounded.

After consolidating in this price range, a breakout could push toward around 152.550.

If it breaks downward, it may move toward around 150.700.

＜Elliott Wave＞

GBP/JPY Outlook

Reached around 151.300 and, as anticipated, rebounded to rise.