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Forex Trend Analysis Report

Prepared for you on Monday, March 1, 2021.

Japanese Yen/British Pound (FOREX:JPYGBP)

Countertrend Down (-85) - JPYGBP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
0.006714 0.006741 0.006703 0.006722 +0.000008
Entry Signal

MarketClub’s Trade Triangles for JPYGBP

long term down The long-term trend has been DOWN since Jun 5th, 2020 at 0.007187

intermediate term down The intermediate-term trend has been DOWN since Dec 24th, 2020 at 0.007107

short term up The short-term trend has been UP since Feb 26th, 2021 at 0.006768

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
0.006714 0.006741 0.006703 0.006722 +0.000008
Prev. Close Volume Bid Ask Time
0.006714 2021-03-01 14:53:12
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