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Forex Trend Analysis Report

Prepared for you on Wednesday, April 1, 2020.

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.

FOREX_GBPJPY
Open High Low GBPJPY Price Change
133.4845 133.5200 132.5855 132.7535 -0.7310
Entry Signal

MarketClub’s Trade Triangles for GBPJPY

long term down The long-term trend has been DOWN since Feb 28th, 2020 at 139.29804

intermediate term down The intermediate-term trend has been DOWN since Feb 27th, 2020 at 140.96300

short term down The short-term trend has been DOWN since Apr 1st, 2020 at 132.77200

Smart Scan Analysis for GBPJPY

Based on our trend formula, GBPJPY is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for GBPJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
133.4845 133.5200 132.5855 132.7535 -0.7310
Prev. Close Volume Bid Ask Time
133.4845 132.7410 132.7660 2020-04-01 14:52:48
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