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.
MarketClub’s Trade Triangles for GBPJPY
The long term trend has been UP since Oct 15th, 2019 at 137.5400
The intermediate term trend has been DOWN since Dec 25th, 2019 at 140.8565
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).