GBPJPY United Kingdom Pound - Japan Yen Forecast, Technical & Fundamental Analysis

Momentum Indicator for GBPJPY turns positive, indicating new upward trend

GBPJPY saw its Momentum Indicator move above the 0 level on January 06, 2025. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 123 similar instances where the indicator turned positive. In of the 123 cases, the stock moved higher in the following days. The odds of a move higher are at .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for GBPJPY just turned positive on January 07, 2025. Looking at past instances where GBPJPY's MACD turned positive, the stock continued to rise in of 96 cases over the following month. The odds of a continued upward trend are .

GBPJPY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 365 cases where GBPJPY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for GBPJPY moved out of overbought territory on December 30, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 48 similar instances where the indicator moved out of overbought territory. In of the 48 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.