Forex Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
British Pound/Japanese Yen (FOREX:GBPJPY)
Weak Downtrend (-65) - GBPJPY is showing signs of a strengthening downtrend. Monitor GBPJPY as it may be building momentum to the downside.
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 13th, 2022 at 167.0225
The intermediate-term trend has been DOWN since Sep 7th, 2023 at 183.3680
The short-term trend has been DOWN since Oct 2nd, 2023 at 181.0680
Smart Scan Analysis for GBPJPY
Based on our trend formula, GBPJPY is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).