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Trend of Bull Bias GBPJPY Daily
▸When GBPJPY is in Bull Bias:
- then GBPJPY moved to higher Market State: 300 times — 47.3%
- then GBPJPY moved to lower Market State: 334 times — 52.7%
▸Current GBPJPY market energy: 23.73%
- Distance to upper bound of Bull Bias (at 60%): 36.27%
- Distance to lower bound of Bull Bias (at 20.88%): 2.85%
"To truly understand anything, study its history" — 2AITRADING
The Bull Bias zone is the result just recorded for GBPJPY after the Daily candle closed.
Market energy measurement Market Energy dropped -40.4% from the previous session, from 64.1% to 23.7%.
Time in Bull Bias energy zone: 1 Daily Candle
Traders using any methodology can reference Market Energy on 2AiTrading to consider adjustments to their strategy — including stoploss, takeprofit, or position sizing — depending on the situation.
Over the past 5 days, GBPJPY Market Energy ranged from +23.7 to +100.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was GBPJPY on Daily when this candle closed?
When the Daily candle at 07:00 on 04-05-2023 closed, GBPJPY was in Bull Bias with Market Energy 23.7%, controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How did GBPJPY Market Energy change from the previous candle?
Market Energy fell 40.4 percentage points from the previous candle — from 64.1% to 23.7%.
What state was GBPJPY in on the previous Daily candle?
The previous Daily candle had GBPJPY at 64.1%, Bull Critical — when this candle closed, GBPJPY moved down to a lower zone: Bull Critical → Bull Bias.
Where does GBPJPY energy sit within the Bull Bias zone?
At 23.7%, GBPJPY is 36.27 points from the upper boundary of Bull Bias (60%) and 2.85 points from the lower boundary (20.88%) — so energy sits closer to the lower boundary at candle close.
What does Bull Bias mean?
Bull Bias is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Bull Bias definition →How are the broader market indices trending?
Based on each index's latest completed H1 candle as of this candle close: SPX500 (US equities) in Bear Extreme with energy -88.2%; GER40 (European equities) in Bear Extreme with energy -98.9%. Against this backdrop, GBPJPY (Bull Bias, 23.7%) has higher energy than SPX500, GER40.
How is the US Dollar Index (DXY) trending?
Based on the latest completed H1 candle as of this candle close, the US Dollar Index (DXY) was in Bear Bias with Market Energy -56.6%. GBPJPY (Bull Bias) and DXY currently sit on opposite sides.
See the real-time energy chart for GBPJPY.
Open Energy ChartSee the full 2AiTrading Model data for GBPJPY on the GBPJPY overview →
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