GBP/JPY Up 4 Pips On 4 Hour Chart, Moves Up For the 2nd Day In A Row; Doji Pattern Appearing on Chart

GBP/JPY 4 Hour Price Update

Updated June 29, 2020 09:08 PM GMT (05:08 PM EST)

GBP/JPY is up 4 pips (0.03%) since the last 4 hour candle (opening the current 4 hour candle near 132.259), marking the 2nd candle in a row it has gone up. Compared to its peers in the Forex, GBP/JPY gave its buyers a return that ranked 15th in terms of percentage change since the last 4 hour candle.

GBP/JPY End of Day Recap

Updated 00:30 GMT (04:30 EST)

GBP/JPY is up 5 pips (0.04%) since the previous day (opening today near 132.30205062), marking the 2nd day in a row an upward move has occurred. Out of the 40 instruments in the Forex asset class, GBP/JPY ended up ranking 19th for the day in terms of price change. Let’s take a look at price chart of GBP/JPY.

GBP/JPY Technical Analysis

Coming into today GBP/JPY is now close to its 20, 50 and 100 day averages, located at 134.2535, 133.2249 and 133.174 respectively, and thus may be at a key juncture along those timeframes. As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa. The closest is the 100 day average, which is 87.2 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Or to simplify this another way, note that out of the past 14 days GBP/JPY’s price has gone up 8 them. And for candlestick traders, a special treat: there is a doji pattern showing up on the charts as well. Rejoice!