Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, August 18, 2022.

British Pound/Japanese Yen (FOREX:GBPJPY)

Bull Market Weakness (+75) - GBPJPY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPJPY as it may be in the beginning stages of a reversal.

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
162.4435 162.8335 162.3280 162.8315 +0.3880
Entry Signal

MarketClub’s Trade Triangles for GBPJPY

long term up The long-term trend has been UP since Oct 11th, 2021 at 154.0800

intermediate term down The intermediate-term trend has been DOWN since Jul 31st, 2022 at 161.5635

short term up The short-term trend has been UP since Aug 17th, 2022 at 162.7215

Smart Scan Analysis for GBPJPY

Based on our trend formula, GBPJPY is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for GBPJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
162.4435 162.8335 162.3280 162.8315 +0.3880
Prev. Close Volume Bid Ask Time
162.4435 2022-08-18 04:13:28
Get a free daily analysis and signals for British Pound/Japanese Yen (GBPJPY) - Request Your Free Report.