If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
Price action traders in particular will want to note that the 30 and 90 day periods appears to show price forming a base; this could indicate that a support/resistance level is developing.
Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
Given that we see an uptrend on the 20 and 5 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
The clearest trend exists on the 30 day timeframe, which shows price moving up over that time.
Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up.
Compared to its peers in the forex, gbpjpy gave its buyers a return that ranked 25th in terms of percentage change since the day prior.
The closest is the 20 day average, which is 11.5 pips away.
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.
It should be noted, though, the 20 day simple moving average turned downwards, which may be a bearish sign.