Home Forex TRY/JPY Down 19 Pips in Last 4 Hours, Tops All Forex; 2 Day Down Streak Snapped

TRY/JPY Down 19 Pips in Last 4 Hours, Tops All Forex; 2 Day Down Streak Snapped

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TRY/JPY 4 Hour Price Update

Updated April 01, 2020 12:53 AM GMT (08:53 PM EST)

TRY/JPY is down 19 pips (1.13%) since the previous 4 hours (opening the current 4 hour candle near 16.321), marking the 2nd candle in a row a decline has happened. It may be worth observing that TRY/JPY was the worst performer of the 40 members in the Forex asset class over the past four-hour candle.

TRY/JPY End of Day Recap

Updated 00:30 GMT (04:30 EST)

TRY/JPY entered today at 16.389922527908, up 15 pips (0.95%) from yesterday. TRY/JPY outperformed all 40 assets in the Forex asset class yesterday. Congrats to its holders! Let’s take a look at price chart of TRY/JPY.

TRY/JPY Technical Analysis

The first thing we should note is that the current price of TRY/JPY is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Or to simplify this another way, note that out of the past 10 days TRY/JPY’s price has gone up 6 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

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