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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Japanese Yen/British Pound (FOREX:JPYGBP)
Sidelines Mode (+55) - JPYGBP 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 JPYGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for JPYGBP
The long-term trend has been UP since Aug 1st, 2024 at 0.0052360
The intermediate-term trend has been UP since Nov 15th, 2024 at 0.0051395
The short-term trend has been DOWN since Nov 20th, 2024 at 0.0050820
Smart Scan Analysis for JPYGBP
Based on our trend formula, JPYGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.005084 | 0.005085 | 0.005056 | 0.005060 | -0.000024 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.005084 | 2024-11-20 03:29:00 |