2022.10.18 Pound/Yen Market Today’s Price Movement Forecast & Scenario

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＜Pound Index – Daily Chart＞

＜Yen Index – Daily Chart＞ ※ The charts used are from https://jp.tradingview.com/.

＜GBP/JPY – Daily Chart＞

Pound-Yen 4-hour chart produced by indicators and market fundamentals

The Pound index is rising, the Yen index is falling. GBP/JPY has been rising.

The initial target value reached 168.400. Currently, it is expected to rise toward around 171.350.

＜Price Movement Forecast＞

＜Elliott Wave＞

GBP/JPY 30-minute chart by indicators and market fundamentals

It is in a rising phase toward the fifth wave.