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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

British Pound/Japanese Yen (FOREX:GBPJPY)

Countertrend Up (+85) - GBPJPY is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid GBPJPY?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPJPY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPJPY
Open High Low GBPJPY Price Change
191.08455 191.22700 190.57200 191.16050 +0.07595
Entry Signal

MarketClub’s Trade Triangles for GBPJPY

long term up The long-term trend has been UP since Jan 19th, 2024 at 188.663

intermediate term up The intermediate-term trend has been UP since Mar 19th, 2024 at 191.314

short term down The short-term trend has been DOWN since Mar 28th, 2024 at 190.790

Smart Scan Analysis for GBPJPY

Based on our trend formula, GBPJPY is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for GBPJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
191.08455 191.22700 190.57200 191.16050 +0.07595
Prev. Close Volume Bid Ask Time
191.08455 2024-03-28 09:10:41
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