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.
MarketClub’s Trade Triangles for GBPJPY
The long-term trend has been DOWN since Feb 28th, 2020 at 139.29804
The intermediate-term trend has been DOWN since Feb 27th, 2020 at 140.96300
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).