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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
British Pound/Japanese Yen (FOREX:GBPJPY)
Bear Market Rally (-75) - GBPJPY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPJPY as it may be in the beginning of a reversal.
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.
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MarketClub’s Trade Triangles for GBPJPY
The long-term trend has been DOWN since Aug 1st, 2024 at 190.99
The intermediate-term trend has been DOWN since Nov 15th, 2024 at 194.57
The short-term trend has been UP since Nov 20th, 2024 at 196.77
Smart Scan Analysis for GBPJPY
Based on our trend formula, GBPJPY is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 196.6700 | 197.7745 | 196.6655 | 197.3905 | +0.7205 |
| Prev. Close | Volume | Bid | Ask | Time |
| 196.6700 | 2024-11-20 03:47:06 |