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Forex Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

US Dollar/Japanese Yen (FOREX:USDJPY)

Long-Term Downtrend (-90) - USDJPY is in a strong downtrend that is likely to continue. While USDJPY is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid USDJPY?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDJPY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDJPY
Open High Low USDJPY Price Change
143.9015 144.3890 143.6225 144.2895 +0.3880
Entry Signal

MarketClub’s Trade Triangles for USDJPY

long term down The long-term trend has been DOWN since Dec 7th, 2023 at 144.4750

intermediate term down The intermediate-term trend has been DOWN since Nov 19th, 2023 at 148.8275

short term down The short-term trend has been DOWN since Dec 7th, 2023 at 146.4620

Smart Scan Analysis for USDJPY

Based on our trend formula, USDJPY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for USDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
143.9015 144.3890 143.6225 144.2895 +0.3880
Prev. Close Volume Bid Ask Time
143.9015 2023-12-08 04:34:30
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