Forex Trend Analysis Report
Prepared for you on Monday, August 3, 2020.
British Pound/Japanese Yen (FOREX:GBPJPY)
Strong Uptrend (+100) - GBPJPY is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, GBPJPY continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
MarketClub’s Trade Triangles for GBPJPY
The long-term trend has been UP since Jun 5th, 2020 at 139.16850
The intermediate-term trend has been UP since Jul 20th, 2020 at 135.91050
The short-term trend has been UP since Jul 28th, 2020 at 136.01983
Smart Scan Analysis for GBPJPY
Based on our trend formula, GBPJPY is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).