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Forex Trend Analysis Report

Prepared for you on Monday, March 18, 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.

FOREX_JPYGBP
Open High Low JPYGBP Price Change
0.0052705 0.0052760 0.0052580 0.0052660 -0.0000050
Entry Signal

MarketClub’s Trade Triangles for JPYGBP

long term down The long-term trend has been DOWN since Jan 19th, 2024 at 0.005300

intermediate term up The intermediate-term trend has been UP since Mar 11th, 2024 at 0.005312

short term down The short-term trend has been DOWN since Mar 13th, 2024 at 0.005285

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).

-75
Smart Scan Analysis for JPYGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0052705 0.0052760 0.0052580 0.0052660 -0.0000050
Prev. Close Volume Bid Ask Time
0.0052705 2024-03-18 22:16:37
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