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Forex Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

US Dollar/Japanese Yen (FOREX:USDJPY)

Countertrend Up (+85) - USDJPY 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 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
157.0075 157.3070 156.5885 157.2435 +0.2360
Entry Signal

MarketClub’s Trade Triangles for USDJPY

long term up The long-term trend has been UP since Mar 19th, 2024 at 150.884

intermediate term up The intermediate-term trend has been UP since Mar 19th, 2024 at 150.844

short term down The short-term trend has been DOWN since Jun 12th, 2024 at 156.511

Smart Scan Analysis for USDJPY

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

+85
Smart Scan Analysis for USDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
157.0075 157.3070 156.5885 157.2435 +0.2360
Prev. Close Volume Bid Ask Time
157.0075 2024-06-13 09:58:40
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