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Forex Trend Analysis Report

Prepared for you on Wednesday, January 22, 2020.

British Pound/Japanese Yen (FOREX:GBPJPY)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_GBPJPY
Open High Low GBPJPY Price Change
143.4860 144.6060 143.3935 144.2045 +0.7185
Entry Signal

MarketClub’s Trade Triangles for GBPJPY

long term up The long term trend has been UP since Oct 15th, 2019 at 137.5400

intermediate term down The intermediate term trend has been DOWN since Dec 25th, 2019 at 140.8565

short term up The short term trend has been UP since Jan 22nd, 2020 at 143.9585

Smart Scan Analysis for GBPJPY

Based on a pre-defined weighted trend formula for chart analysis, GBPJPY scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+65
Smart Scan Analysis for GBPJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
143.4860 144.6060 143.3935 144.2045 +0.7185
Prev. Close Volume Bid Ask Time
143.4860 144.1970 144.2120 2020-01-22 10:28:34
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