Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
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.
MarketClub’s Trade Triangles for GBPJPY
The long-term trend has been UP since Oct 11th, 2021 at 154.0800
The intermediate-term trend has been UP since Oct 8th, 2021 at 152.8475
The short-term trend has been DOWN since Oct 22nd, 2021 at 156.8045
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).