2022.12.23 Pound/Yen Exchange Rate Today’s Price Movement Forecast & Scenario

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＜Pound Index - Daily Chart＞

＜Yen Index - Daily Chart＞ Note: The chart uses data from https://jp.tradingview.com/.

＜GBP/JPY - Daily Chart＞

GBP/JPY 4-hour chart according to the indicators and principles of the market

Both the Pound Index and the Yen Index are declining.

GBP/JPY has been falling.

Having broken the trendline, technically it could fall into the high 150s yen.

＜Price Movement Forecast＞

＜Elliott Wave＞

＜Chart Patterns＞

GBP/JPY 30-minute chart according to the indicators and principles of the market

A chart pattern is forming.

It seems it could reach 166.895 on a breakout upward, or 154.181 on a breakout downward.

＜Elliott Wave＞

＜Chart Patterns＞

GBP/JPY Outlook

Whether the 160.400 level will act as resistance is likely to be the focal point.