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Forex Trend Analysis Report

Prepared for you on Wednesday, May 22, 2024.

British Pound/Japanese Yen (FOREX:GBPJPY)

Strong Uptrend (+100) - GBPJPY is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, GBPJPY continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
198.7225 199.5430 198.6405 199.3895 +0.6670
Entry Signal

MarketClub’s Trade Triangles for GBPJPY

long term up The long-term trend has been UP since Jan 19th, 2024 at 188.6630

intermediate term up The intermediate-term trend has been UP since Mar 19th, 2024 at 191.3140

short term up The short-term trend has been UP since May 7th, 2024 at 194.0945

Smart Scan Analysis for GBPJPY

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

+100
Smart Scan Analysis for GBPJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
198.7225 199.5430 198.6405 199.3895 +0.6670
Prev. Close Volume Bid Ask Time
198.7225 2024-05-22 20:17:43
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