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Forex Trend Analysis Report

Prepared for you on Wednesday, June 19, 2024.

US Dollar/Japanese Yen (FOREX:USDJPY)

Long-Term Uptrend (+90) - USDJPY is in a strong uptrend that is likely to continue. While USDJPY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid USDJPY?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDJPY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDJPY
Open High Low USDJPY Price Change
157.8595 157.8700 157.6065 157.7530 -0.1065
Entry Signal

MarketClub’s Trade Triangles for USDJPY

long term up The long-term trend has been UP since Mar 19th, 2024 at 150.884

intermediate term up The intermediate-term trend has been UP since Mar 19th, 2024 at 150.844

short term up The short-term trend has been UP since Jun 13th, 2024 at 157.465

Smart Scan Analysis for USDJPY

Based on our trend formula, USDJPY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for USDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
157.8595 157.8700 157.6065 157.7530 -0.1065
Prev. Close Volume Bid Ask Time
157.8595 2024-06-19 04:17:28
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