2022.10.13 Pound/Yen market today's price movement forecast and scenarios
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＜Pound Index – Daily〉
＜Yen Index – Daily〉
*The charts used are from https://jp.tradingview.com/.
＜Pound/Yen – Daily Chart〉
Pound/Yen 4-hour chart as indicated by indicators and market principles
The Pound Index rose, the Yen Index fell. Pound/Yen has been rising.It dipped below the red solid-line trend line, suppressed upside, but broke through in one go and pulled back to below the blue solid-line trend line.
From here, it seems the focus will be whether it ranges between 161.150 and 163.000, or breaks decisively above the blue solid-line trend line.
＜Price Movement Forecast＞
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