TRY/JPY Up 21 Pips Over Past 4 Hours, Entered Today Up For the 4th Day In A Row; in a Downtrend Over Past 30 Days

TRY/JPY 4 Hour Price Update

Updated March 25, 2020 01:35 PM GMT (09:35 AM EST)

TRY/JPY is up 21 pips (1.22%) since the last 4 hour candle (opening the current 4 hour candle near 17.278), marking the 4th candle in a row it has gone up. TRY/JPY outperformed all 40 assets in the Forex asset class the last 4 hour candle. Congrats to its holders!

TRY/JPY End of Day Recap

Updated 00:30 GMT (04:30 EST)

TRY/JPY is up 4 pips (0.23%) since yesterday (opening today near 17.305361232725), marking the 4th day in a row an upward move has occurred. Relative to other instruments in the Forex asset class, TRY/JPY ranked 7th yesterday in terms of percentage price change. Here is a price chart of TRY/JPY.

TRY/JPY Technical Analysis

Coming into today TRY/JPY is now close to its 20 and 50 day moving averages, which may act as price barrier for the asset. Volatility for TRY/JPY has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. 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 30 days TRY/JPY’s price has gone up 16 them.