This is a reversal of the price action on the previous hour, in which price moved up.
Price action traders may also wish to note that we see a pin bar candlestick pattern on nzdjpy.
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
It should be noted, though, the 100 day simple moving average turned upwards, which may be a bullish sign.
This is the 2nd consecutive hour gbpusd has seen its price head up.
It should be noted, though, the 50 day simple moving average turned upwards, which may be a bullish sign.
The clearest trend exists on the 90 day timeframe, which shows price moving down over that time.
Compared to its peers in the forex, gbpjpy gave its buyers a return that ranked 5th in terms of percentage change since yesterday.
Volatility for gbpcad has been contracting over the past two weeks relative to volatility over the past month.
Given that we see downtrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.