GBP/JPY Up 5 Pips Over Past Hour; Moves Up For the 2nd Consecutive Day
The clearest trend exists on the 30 day timeframe, which shows price moving down over that time.
May 23, 2022 6:52 GMT
Over the past 88 days, GBPJPY’s price has been in a clear uptrend, growing by about $0.14 per day.
Over the past 134 days, GBPJPY’s price has been in a clear uptrend, growing by about $0.09 per day.
GBPJPY’s price has moved up $15.22 over the prior 16 months.
GBPJPY has a price of $160.6001, down 1.61% from its value 24 days prior.
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+ 500 – Internal server error
The clearest trend exists on the 30 day timeframe, which shows price moving down over that time.
This imputes a buy/sell ratio of 0.72, which is bearish.
As for the rationale, technical traders seem to be citing the appearance of head and shoulders technical patterns.
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
The clearest trend exists on the 14 day timeframe, which shows price moving down over that time.
Compared to its peers in the forex, gbpjpy gave its buyers a return that ranked 5th in terms of percentage change since yesterday.
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time.
Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
This move is a reversal from the hour prior, which saw price move up.