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Forex Trend Analysis Report
Prepared for you on Wednesday, May 1, 2024.
Japanese Yen/British Pound (FOREX:JPYGBP)
Bear Market Rally (-75) - JPYGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on JPYGBP as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid JPYGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for JPYGBP
The long-term trend has been DOWN since Jan 19th, 2024 at 0.0053000
The intermediate-term trend has been DOWN since Mar 19th, 2024 at 0.0052270
The short-term trend has been UP since Apr 29th, 2024 at 0.0051625
Smart Scan Analysis for JPYGBP
Based on our trend formula, JPYGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.005077 | 0.005214 | 0.005065 | 0.005143 | +0.000066 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.005077 | 2024-05-01 18:10:53 |