The 200-day pound to yen SMA continued to decline up to June 2024, as the Japanese currency continued to grow weaker. Most notably, investors left the pound after the UK announced its financial measures to combat inflation. The Simple Moving Average or SMA is a common metric used within stock and FX market analysis, and especially focuses on long-term trends. The 200-day SMA, especially, is considered very important, as it displays the average price of a stock or currency over the past 200 days (or 40 weeks of trading). If the price of the asset remains above this average, it is generally considered to be in an upwards trend.
British pound sterling (GBP) to Japanese yen (JPY) simple moving average (SMA) rates from June 4, 2023, to June 4, 2024
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Statista. (June 5, 2024). British pound sterling (GBP) to Japanese yen (JPY) simple moving average (SMA) rates from June 4, 2023, to June 4, 2024 [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1336427/gbp-jpy-sma-rates/
Statista. "British pound sterling (GBP) to Japanese yen (JPY) simple moving average (SMA) rates from June 4, 2023, to June 4, 2024." Chart. June 5, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1336427/gbp-jpy-sma-rates/
Statista. (2024). British pound sterling (GBP) to Japanese yen (JPY) simple moving average (SMA) rates from June 4, 2023, to June 4, 2024. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1336427/gbp-jpy-sma-rates/
Statista. "British Pound Sterling (Gbp) to Japanese Yen (Jpy) Simple Moving Average (Sma) Rates from June 4, 2023, to June 4, 2024." Statista, Statista Inc., 5 Jun 2024, https://www.statista.com/statistics/1336427/gbp-jpy-sma-rates/
Statista, British pound sterling (GBP) to Japanese yen (JPY) simple moving average (SMA) rates from June 4, 2023, to June 4, 2024 Statista, https://www.statista.com/statistics/1336427/gbp-jpy-sma-rates/ (last visited December 22, 2024)
British pound sterling (GBP) to Japanese yen (JPY) simple moving average (SMA) rates from June 4, 2023, to June 4, 2024 [Graph], Statista, June 5, 2024. [Online]. Available: https://www.statista.com/statistics/1336427/gbp-jpy-sma-rates/
