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Forex Trend Analysis Report

Prepared for you on Thursday, June 8, 2023.

US Dollar/Japanese Yen (FOREX:USDJPY)

Bull Market Weakness (+75) - USDJPY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDJPY as it may be in the beginning stages of a reversal.

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
139.817 139.835 139.668 139.761 -0.056
Entry Signal

MarketClub’s Trade Triangles for USDJPY

long term up The long-term trend has been UP since May 18th, 2023 at 137.8925

intermediate term up The intermediate-term trend has been UP since Apr 10th, 2023 at 133.7530

short term down The short-term trend has been DOWN since Jun 7th, 2023 at 139.1105

Smart Scan Analysis for USDJPY

Based on our trend formula, USDJPY is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for USDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
139.817 139.835 139.668 139.761 -0.056
Prev. Close Volume Bid Ask Time
139.817 2023-06-08 01:34:57
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