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.
MarketClub’s Trade Triangles for GBPJPY
The long-term trend has been UP since Jun 5th, 2020 at 139.1685
The intermediate-term trend has been UP since Dec 27th, 2020 at 141.2390
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).