TRY/JPY Down 11 Pips in Last 4 Hours, Tops All Forex; 3 Day Down Streak Ended

TRY/JPY 4 Hour Price Update

Updated April 02, 2020 05:10 AM GMT (01:10 AM EST)

TRY/JPY is down 11 pips (0.7%) since the previous 4 hours (opening the current 4 hour candle near 15.98), marking the 3rd candle in a row a decrease has occurred. Out of the 40 instruments in the Forex asset class, TRY/JPY ended up ranking 39th for the four-hour candle in terms of price change.

TRY/JPY End of Day Recap

Updated 00:30 GMT (04:30 EST)

After 3 down days, TRY/JPY snaps its streak, rising 15 pips (0.93%) over the past day to close at an exchange rate of 16.117991883361. TRY/JPY outperformed all 40 assets in the Forex asset class yesterday. The price chart of TRY/JPY below illustrates.

TRY/JPY Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. For additional context, note that price has gone up 7 out of the past 14 days.