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Forex Trend Analysis Report

Prepared for you on Wednesday, March 3, 2021.

British Pound/Japanese Yen (FOREX:GBPJPY)

Long-Term Uptrend (+90) - GBPJPY is in a strong uptrend that is likely to continue. While GBPJPY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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
149.1510 149.6815 148.9565 149.1985 +0.0475
Entry Signal

MarketClub’s Trade Triangles for GBPJPY

long term up The long-term trend has been UP since Jun 5th, 2020 at 139.1685

intermediate term up The intermediate-term trend has been UP since Dec 27th, 2020 at 141.2390

short term up The short-term trend has been UP since Mar 3rd, 2021 at 149.2965

Smart Scan Analysis for GBPJPY

Based on our trend formula, GBPJPY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for GBPJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
149.1510 149.6815 148.9565 149.1985 +0.0475
Prev. Close Volume Bid Ask Time
149.1510 2021-03-03 10:42:44
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