TRY/JPY Down 21 Pips; in a Downtrend Over Past 14 Days

TRY/JPY Price Recap

The back and forth price flow continues for TRY/JPY, which starts today off at 16.605 US dollars, down 21 pips 1.25% from the previous day. This move happened on fewer tick price changes which may be a proxy for volume, as yesterday’s total tick count was down 30% from the day before — and down 33.97% from the same day the week before. Relative to other instruments in the Forex asset class, TRY/JPY ranked 26th yesterday in terms of percentage price change. Here is a price chart of TRY/JPY.

TRY/JPY Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. For additional context, note that price has gone down 7 out of the past 10 days.