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Forex Trend Analysis Report

Prepared for you on Tuesday, April 20, 2021.

British Pound/Japanese Yen (FOREX:GBPJPY)

Countertrend Up (+85) - GBPJPY is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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.

FOREX_GBPJPY
Open High Low GBPJPY Price Change
151.3655 151.9640 150.5670 150.6700 -0.6955
Entry Signal

MarketClub’s Trade Triangles for GBPJPY

long term up The long-term trend has been UP since Jun 5th, 2020 at 139.1685

intermediate term up The intermediate-term trend has been UP since Dec 27th, 2020 at 141.2390

short term up The short-term trend has been UP since Apr 19th, 2021 at 150.6900

Smart Scan Analysis for GBPJPY

Based on our trend formula, GBPJPY is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for GBPJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
151.3655 151.9640 150.5670 150.6700 -0.6955
Prev. Close Volume Bid Ask Time
151.3655 2021-04-20 19:46:40
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