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Forex Trend Analysis Report

Prepared for you on Tuesday, October 3, 2023.

British Pound/Japanese Yen (FOREX:GBPJPY)

Weak Downtrend (-65) - GBPJPY is showing signs of a strengthening downtrend. Monitor GBPJPY as it may be building momentum to the downside.

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

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

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

FOREX_GBPJPY
Open High Low GBPJPY Price Change
181.0155 181.2035 180.6005 180.8390 -0.1765
Entry Signal

MarketClub’s Trade Triangles for GBPJPY

long term up The long-term trend has been UP since Oct 13th, 2022 at 167.0225

intermediate term down The intermediate-term trend has been DOWN since Sep 7th, 2023 at 183.3680

short term down The short-term trend has been DOWN since Oct 2nd, 2023 at 181.0680

Smart Scan Analysis for GBPJPY

Based on our trend formula, GBPJPY is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for GBPJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
181.0155 181.2035 180.6005 180.8390 -0.1765
Prev. Close Volume Bid Ask Time
181.0155 2023-10-03 07:28:05
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