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Forex Trend Analysis Report

Prepared for you on Monday, October 25, 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
156.6525 156.8500 156.1700 156.7575 +0.1050
Entry Signal

MarketClub’s Trade Triangles for GBPJPY

long term up The long-term trend has been UP since Oct 11th, 2021 at 154.0800

intermediate term up The intermediate-term trend has been UP since Oct 8th, 2021 at 152.8475

short term down The short-term trend has been DOWN since Oct 22nd, 2021 at 156.8045

Smart Scan Analysis for GBPJPY

Based on our trend formula, GBPJPY is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for GBPJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
156.6525 156.8500 156.1700 156.7575 +0.1050
Prev. Close Volume Bid Ask Time
156.6525 2021-10-25 22:53:24
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