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Forex Trend Analysis Report

Prepared for you on Saturday, September 30, 2023.

British Pound/Japanese Yen (FOREX:GBPJPY)

Bull Market Weakness (+75) - GBPJPY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPJPY as it may be in the beginning stages 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
182.21379 182.83522 182.11879 182.83522 +0.62143
Entry Signal

MarketClub’s Trade Triangles for GBPJPY

long term up The long-term trend has been UP since Oct 13th, 2022 at 167.0225

intermediate term down The intermediate-term trend has been DOWN since Sep 7th, 2023 at 183.3680

short term up The short-term trend has been UP since Sep 28th, 2023 at 181.9600

Smart Scan Analysis for GBPJPY

Based on our trend formula, GBPJPY is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for GBPJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
182.21379 182.83522 182.11879 182.83522 +0.62143
Prev. Close Volume Bid Ask Time
182.21379 2023-09-30 23:21:11
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