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Forex Trend Analysis Report

Prepared for you on Wednesday, March 22, 2023.

Japanese Yen/British Pound (FOREX:JPYGBP)

Countertrend Up (+85) - JPYGBP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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.

FOREX_JPYGBP
Open High Low JPYGBP Price Change
0.0061760 0.0062180 0.0061220 0.0062045 +0.0000280
Entry Signal

MarketClub’s Trade Triangles for JPYGBP

long term up The long-term trend has been UP since Jan 2nd, 2023 at 0.006336

intermediate term up The intermediate-term trend has been UP since Mar 13th, 2023 at 0.006205

short term down The short-term trend has been DOWN since Mar 21st, 2023 at 0.006167

Smart Scan Analysis for JPYGBP

Based on our trend formula, JPYGBP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for JPYGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0061760 0.0062180 0.0061220 0.0062045 +0.0000280
Prev. Close Volume Bid Ask Time
0.0061760 2023-03-22 18:33:58
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