2022.11.1 Pound-Yen Exchange Rate Today’s Market Movement Forecast and Scenarios
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<Yen Index – Daily Chart>
※ The charts used are from https://jp.tradingview.com/.
GBPJPY 4-hour chart as indicated by indicators and market principles
Both the Pound Index and the Yen Index are falling.GBP/JPY has been declining.
From the Pound Index situation, GBP/JPY seems to be retracing, but if it breaks the 170.350 level, it could move toward around 169.000.
If that line is also broken, there is a possibility of a correction down to around the 167.750 level.
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