2021.8.23 Pound-Yen Exchange Rate Today’s Price Movement Forecast and Scenarios
<Yen Index - Daily Chart>
Note: The chart used is from https://jp.tradingview.com/.
Indicator and Market Principles: Pound/Yen 4-hour Chart
Looking at the daily chart, it is forming a head and shoulders pattern.
If the neckline is broken, there is energy of about 720 PIPS, so it may drop toward around 142.350.
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