(Last Updated April 2, 2021 23:20 GMT)
Currently, GBPJPY’s rate is up 6.7 pips (0.04%) from the hour prior. This is the 2nd straight hour GBPJPY has seen its price head up. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on GBPJPY. Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
GBPJPY End of Day Recap
Updated 00:30 GMT (04:30 EST)
GBPJPY is up 32 pips (0.21%) since the day prior (opening today near 153.02811459), marking the 3rd consecutive day an upward move has occurred. Compared to its peers in the Forex, GBPJPY gave its buyers a return that ranked 15th in terms of percentage change since the day prior. Below is a price chart of GBPJPY.
GBPJPY Technical Analysis
Notably, GBPJPY is now close to its 20 day averages, located at 151.2706 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 10 days GBPJPY’s price has gone up 7 them.