July 1, 2022 21:52 GMT
Over the past 88 days, the trend for GBPJPY’s price has been choppy and unclear. It has oscillated between $156.8252 and $168.5834.
Over the past 135 days, GBPJPY’s price has been in a clear uptrend, growing by about $0.11 per day.
Over the past 24 months, GBPJPY’s price has gone up $27.79.
GBPJPY has a price of $163.542, down 0.98% from its value 1 days prior.
+ 500 – Internal server error
+ 500 – Internal server error
Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
For additional context, note that price has gone up 19 out of the past 30 days.
Price action traders may also wish to note that we see a doji candlestick pattern on gbpjpy.
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up.
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up.
This is the 2nd straight hour gbpjpy has seen its price head up.
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.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
Price action traders may also wish to note that we see some doji and pin bar candlestick patterns on gbpjpy.