TRY/JPY Down 60 Pips; in a Downtrend Over Past 30 Days

TRY/JPY Price Recap

TRY/JPY is down 60 pips (3.46%) since yesterday (with its current price near 16.63), marking the 3rd day in a row a decline has happened. The price move occurred on volume — and we’re using the number of tick price changes as a proxy for volume — that was down 16.84% from the day prior, but up 219.19% from the same day the week before. Relative to other instruments in the Forex asset class, TRY/JPY ranked 37th yesterday in terms of percentage 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. For additional context, note that price has gone down 16 out of the past 30 days.