Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
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 DOWN since Feb 28th, 2020 at 139.29804
The intermediate-term trend has been DOWN since Apr 21st, 2020 at 132.28550
The short-term trend has been UP since May 26th, 2020 at 131.82200
Smart Scan Analysis for GBPJPY
Based on our trend formula, GBPJPY is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).