(Last Updated February 17, 2021 23:21 GMT)
At the moment, GBPJPY’s rate is down -14 pips (-0.1%) from the hour prior. The hourly chart shows that GBPJPY has seen 2 straight down hours. As for the trend on the hourly timeframe, we see the clearest trend on the 20 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 up 75 pips (0.51%) since the previous day (opening today near 147.39245244), marking the 4th day in a row an increase has occurred. Out of the 39 instruments in the Forex asset class, GBPJPY ended up ranking 6th for the day in terms of price change. Below is a price chart of GBPJPY.
GBPJPY Technical Analysis
Notably, GBPJPY is now close to its 20 day averages, located at 144.1481 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 30 days GBPJPY’s price has gone up 20 them.