GBPJPY Up 4 Pips On Hourly Chart, Moves Down For the 2nd Day In A Row; in an Uptrend Over Past 90 Days

Hourly Update

(Last Updated March 26, 2021 1:21 GMT)

At the time of this writing, GBPJPY’s rate is up 3.6 pips (0.02%) from the hour prior. The hourly chart shows that GBPJPY has seen 2 straight up hours. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

GBPJPY End of Day Recap

Updated 00:30 GMT (04:30 EST)

GBPJPY is down 20 pips (0.13%) since the previous day (opening today near 148.82234248), marking the 2nd day in a row a decrease has occurred. Relative to other instruments in the Forex asset class, GBPJPY ranked 24th the previous day in terms of percentage price change. Here is a price chart of GBPJPY.

GBPJPY

GBPJPY Technical Analysis

Notably, GBPJPY is now close to its 20 and 50 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone down 7 out of the past 10 days.