TRY/JPY Down 33 Pips; in a Downtrend Over Past 14 Days

TRY/JPY Price Recap

16.816 (USD) was the opening price of the day for TRY/JPY, resulting in yesterday being a day in which price moved down 33 pips 1.92% from the day prior. The price move occurred on volume — and we’re using the number of tick price changes as a proxy for volume — that was down 32.62% from the day prior, but up 47.81% from the same day the week before. Out of the 40 instruments in the Forex asset class, TRY/JPY ended up ranking 39th for the day in terms of day-over-day price change. Below is a price chart of TRY/JPY.

TRY/JPY Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Or to simplify this another way, note that out of the past 14 days TRY/JPY’s price has gone down 9 them.