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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
British Pound/Japanese Yen (FOREX:GBPJPY)
Long-Term Uptrend (+90) - GBPJPY is in a strong uptrend that is likely to continue. While GBPJPY 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 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 Dec 25th, 2024 at 199.8065
The intermediate-term trend has been UP since Dec 16th, 2024 at 194.9895
The short-term trend has been UP since Dec 4th, 2024 at 191.2890
Smart Scan Analysis for GBPJPY
Based on our trend formula, GBPJPY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 197.3975 | 198.0000 | 197.0250 | 197.7900 | +0.3925 |
| Prev. Close | Volume | Bid | Ask | Time |
| 197.3975 | 2024-12-26 15:38:44 |