TRY/JPY Down 12 Pips in Last 4 Hours; in a Downtrend Over Past 14 Days

TRY/JPY 4 Hour Price Update

Updated April 06, 2020 11:28 AM GMT (07:28 AM EST)

The choppiness in the recent four-hour candle price action of TRY/JPY continues; to start the current 4 hour candle, it came in at a price of 16.066, down 12 pips (0.72%) since the previous 4 hours. Out of the 40 instruments in the Forex asset class, TRY/JPY ended up ranking 35th for the four-hour candle in terms of price change.

TRY/JPY End of Day Recap

Updated 00:30 GMT (04:30 EST)

TRY/JPY entered today at 16.121117550899, up 6 pips (0.38%) from the previous day. Relative to other instruments in the Forex asset class, TRY/JPY ranked 3rd the previous day in terms of percentage price change. Below is a price chart of TRY/JPY.

TRY/JPY Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. Or to simplify this another way, note that out of the past 10 days TRY/JPY’s price has gone down 6 them.