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.
MarketClub’s Trade Triangles for GBPJPY
The long-term trend has been UP since Oct 11th, 2021 at 154.0800
The intermediate-term trend has been DOWN since Jul 31st, 2022 at 161.5635
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).