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Forex Trend Analysis Report

Prepared for you on Friday, July 1, 2022.

US Dollar/Japanese Yen (FOREX:USDJPY)

Countertrend Up (+85) - USDJPY 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 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
135.0625 135.4840 134.7620 135.4730 +0.4105
Entry Signal

MarketClub’s Trade Triangles for USDJPY

long term up The long-term trend has been UP since Feb 5th, 2021 at 105.6610

intermediate term up The intermediate-term trend has been UP since Jun 5th, 2022 at 130.9790

short term down The short-term trend has been DOWN since Jul 1st, 2022 at 135.0855

Smart Scan Analysis for USDJPY

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

+85
Smart Scan Analysis for USDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
135.0625 135.4840 134.7620 135.4730 +0.4105
Prev. Close Volume Bid Ask Time
135.0625 2022-07-01 04:36:15
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