(Last Updated November 23, 2020 2:15 GMT)
At the moment, USDJPY’s rate is down -460 pips (-0.04%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, so that price is now turning below it. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
USDJPY End of Day Recap
Updated 00:30 GMT (04:30 EST)
After 3 down days, USDJPY snaps its streak, rising 8 pips (0.08%) over the past day to close at an exchange rate of 103.824. Compared to its peers in the Forex, USDJPY gave its buyers a return that ranked 19th in terms of percentage change since yesterday. Let’s take a look at price chart of USDJPY.
USDJPY Technical Analysis
Coming into today USDJPY is now close to its 20, 50 and 100 day averages, located at 104.4493, 104.963 and 105.6187 respectively, and thus may be at a key juncture along those timeframes. 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 6 out of the past 10 days.