(Last Updated April 8, 2020)
Hello! This is the news page for GBPJPY. Below you’ll find our daily market updates. Here’s a summary of where things currently stand:
The Latest News On Trends by Moving Averages
Here is what the moving averages are indicating about the trend in the rate of GBPJPY:
20 Day Moving Average Direction: bullish
50 Day Moving Average Direction: bearish
100 Day Moving Average Direction: bearish
200 Day Moving Average Direction: bullish
How the Current GBPJPY Rate Fares Relative to the Past Year?
Yesterday saw the market for GBPJPY close at a rate of 134.1938535. On a relative basis, that puts the pair closer to its 52 week low (currently at 123.991) than its 52 week high (now at 148.1908648).To dig deeper and get the latest news on GBPJPY, try the links below. You can also visit the MarketWatch or Investing.com pages on GBPJPY for more news as well.
Relative to other instruments in the forex asset class, gbp/jpy ranked 6th the day prior in terms of percentage price change.
Or to simplify this another way, note that out of the past 14 days gbp/jpy’s price has gone up 9 them.
Volatility for gbp/jpy has been contracting over the past two weeks relative to volatility over the past month.
Compared to its peers in the forex, gbp/jpy gave its buyers a return that ranked 39th in terms of percentage change since yesterday.
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.
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.
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
It should be noted, though, that a trend in the opposite direction, going down, exists on the 90 and 30 day 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.
This imputes a buy/sell ratio of 0.33, which is bearish.