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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
British Pound/Japanese Yen (FOREX:GBPJPY)
Crossroads (-60) - GBPJPY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for GBPJPY
The long-term trend has been UP since Jan 19th, 2024 at 188.6630
The intermediate-term trend has been DOWN since Jul 22nd, 2024 at 202.1225
The short-term trend has been DOWN since Jul 11th, 2024 at 205.5800
Smart Scan Analysis for GBPJPY
Based on our trend formula, GBPJPY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 197.85650 | 199.14000 | 197.02100 | 197.83366 | -0.02284 |
| Prev. Close | Volume | Bid | Ask | Time |
| 197.85650 | 2024-07-26 20:35:28 |