2021.8.19 Pound/yen exchange rate today’s movement forecast and scenario
<Yen Index - Daily Chart>
Note: The chart used is from https://jp.tradingview.com/.
Indicator and Market Principles: Pound-Yen 4-Hour Chart
Both the Pound Index and the Yen Index are falling. The Pound-Yen has been declining.A return move has begun toward the neck line of the double top.
If it cannot exceed the neck line and breaks the recent low, it could head toward around 148.900 and decline further.
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