2021.8.27 Pound/Yen market today's price movement forecast・scenario
＜Pound Index - Daily＞
＜Yen Index - Daily＞
※ The chart uses ones from https://jp.tradingview.com/.
＜Pound-Yen - Daily Chart＞
Indicator and Market Principles: Pound/Yen 4-Hour Chart
Both the Pound Index and the Yen Index are declining. The Pound-Yen has been decreasing.The Pound-Yen has broken above the middle line of the channel, but a pullback is entering.
If this trend line acts as support and the price can move above the recent high, it is expected to rise toward around the red solid-line trend line; however, if it does not hold as support, it is expected to fall to the 150.128 line.
＜Price Movement Forecast＞
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