TRY/JPY Down 19 Pips in Last 4 Hours, Outperforms All Forex; 2 Day Down Streak Broken

TRY/JPY 4 Hour Price Update

Updated April 01, 2020 01:11 PM GMT (09:11 AM EST)

TRY/JPY is down 19 pips (1.13%) since the last 4 hour candle (opening the current 4 hour candle near 16.321), marking the 2nd candle in a row it has gone down. Those trading within the Forex asset class should know that TRY/JPY was the worst performer in the class.

TRY/JPY End of Day Recap

Updated 00:30 GMT (04:30 EST)

The choppiness in the recent daily price action of TRY/JPY continues; to start today, it came in at a price of 16.389922527908, up 15 pips (0.95%) since yesterday. TRY/JPY outperformed all 40 assets in the Forex asset class yesterday. Congrats to its holders! Below is a price chart of TRY/JPY.

TRY/JPY Technical Analysis

Coming into today TRY/JPY is now close to its 20 day averages, located at 16.7952 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Or to simplify this another way, note that out of the past 10 days TRY/JPY’s price has gone up 6 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!