Forex Trend Analysis Report
Prepared for you on Wednesday, December 6, 2023.
Japanese Yen/British Pound (FOREX:JPYGBP)
Weak Downtrend (-65) - JPYGBP is showing signs of a strengthening downtrend. Monitor JPYGBP as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for JPYGBP
The long-term trend has been DOWN since Apr 4th, 2023 at 0.006025
The intermediate-term trend has been DOWN since Oct 31st, 2023 at 0.005440
The short-term trend has been UP since Nov 28th, 2023 at 0.005346
Smart Scan Analysis for JPYGBP
Based on our trend formula, JPYGBP is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).