Pound/yen: A week to search for reversal timing

The pound/yen pair has pulled back after Brexit and is moving like the euro area.

The market is leaning toward selling.

However, given it is a pound-based market, the price moves are wild, gliding gracefully within a 500–1000 point range,

forming a downtrend, and a wrong step could lead to substantial losses for this currency.

If possible, I would like to enter at a well-timed point, and from this pullback market

there is a strong possibility that it will turn back down again, and I will note this for you.

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Click to enlarge


This is,“Ask Ultimate Shadow”on the 4-hour chart, the signal is already lit

Next,“AltiMeter”waits for changes.

The euro/yen has also returned toward the upper part of its near-term range

and next week may be the timing for a reversal.

If it starts to decline, I would like to hold it to around the downward channel support



Note: pound-market reactions are strongly influenced by domestic economic indicators, so at entry,

checking the latest economic indicators is also one of the strategic considerations.



※Strategy dispatch is released to investors as quickly as possible in advance.



The point we posted last time has become a major reversal point!
■Pound/yen: from buying signals in the 145 yen range, over +600 pips gained! Then the trend reversed!

■The drop from the 153 yen range was within expectations!



Latest euro/yen article
■Is the euro/yen rebound over the limit? The next drop may involve breaking the nearby support


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