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Forex Trend Analysis Report

Prepared for you on Monday, April 22, 2024.

British Pound/Japanese Yen (FOREX:GBPJPY)

Sidelines Mode (+55) - GBPJPY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
191.5270 191.6965 190.8690 190.9165 -0.6105
Entry Signal

MarketClub’s Trade Triangles for GBPJPY

long term up The long-term trend has been UP since Jan 19th, 2024 at 188.663

intermediate term up The intermediate-term trend has been UP since Mar 19th, 2024 at 191.314

short term down The short-term trend has been DOWN since Apr 18th, 2024 at 191.478

Smart Scan Analysis for GBPJPY

Based on our trend formula, GBPJPY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for GBPJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
191.5270 191.6965 190.8690 190.9165 -0.6105
Prev. Close Volume Bid Ask Time
191.5270 2024-04-22 06:34:27
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