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Forex Trend Analysis Report
Prepared for you on Tuesday, April 16, 2024.
Japanese Yen/British Pound (FOREX:JPYGBP)
Long-Term Downtrend (-90) - JPYGBP is in a strong downtrend that is likely to continue. While JPYGBP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid JPYGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for JPYGBP
The long-term trend has been DOWN since Jan 19th, 2024 at 0.005300
The intermediate-term trend has been DOWN since Mar 19th, 2024 at 0.005227
The short-term trend has been DOWN since Apr 15th, 2024 at 0.005192
Smart Scan Analysis for JPYGBP
Based on our trend formula, JPYGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.005213 | 0.005218 | 0.005208 | 0.005214 | +0.000001 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.005213 | 2024-04-16 02:42:04 |