2022.10.12 Pound/Yen market today's price movement forecast and scenario
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<Yen Index - Daily Chart>
※ The charts used are from https://jp.tradingview.com/.
GBP/JPY 4-hour chart as indicated by indicators and market principles
The Pound Index is declining, the Yen Index remains unchanged.GBP/JPY has started to fall.
It has slipped below the red solid trend line, and has been moving downward with the red solid trend line as a resistance.
If it breaks below the 160.250 level, there is a possibility of falling to the 157.560 level.
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