2021.9.8 Pound/Yen market today’s price movement forecast and scenarios

Note: The chart used is from https://jp.tradingview.com/.

Indicator and Market Principles: Four-Hour Pound/Yen Chart

Indicator and Market Principles: Fifteen-Minute Pound/Yen Chart

We expect the fifth wave target value to be 152.552.

However, if the line at 151.800 is closed beneath and this line starts to act as resistance, there is a possibility of a decline toward around 151.300.

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