USD/JPY Down 21 Pips On Hourly Chart, 3 Day Up Streak Broken; in an Uptrend Over Past 14 Days
Compared to its peers in the forex, usdjpy gave its buyers a return that ranked 26th in terms of percentage change since the day prior.
July 1, 2022 3:49 GMT
Over the past 88 days, USDJPY’s price has been in a clear uptrend, growing by about $0.17 per day.
Over the past 135 days, USDJPY’s price has been in a clear uptrend, growing by about $0.23 per day.
Over the past 16 months, USDJPY’s price has gone up $26.15.
USDJPY has a price of $135.033, down 0.59% from its value 1 days prior.
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Compared to its peers in the forex, usdjpy gave its buyers a return that ranked 26th in terms of percentage change since the day prior.
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
Relative to other instruments in the forex asset class, usdjpy ranked 31st the day prior in terms of percentage price change.
Price action traders may also wish to note that we see a doji candlestick pattern on usdjpy.
Relative to other instruments in the forex asset class, usdjpy ranked 8th the previous day in terms of percentage price change.
Given that we see an uptrend on the 20, 10 and 5 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
It’s been a feast for bulls operating on an hourly timeframe, as usdjpy has now gone up 4 of the past 5 hours.
It’s been a feast for bulls operating on an hourly timeframe, as usdjpy has now gone up 4 of the past 5 hours.
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.
For additional context, note that price has gone up 6 out of the past 10 days.