Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
The closest is the 50 day average, which is 158.6 pips away.
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down.
The closest is the 200 day average, which is 50.7 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.
And for candlestick traders, a special treat: there is a doji pattern showing up on the charts as well.
It should be noted, though, that a trend in the opposite direction, going up, exists on the 30 day timeframe.
Or to simplify this another way, note that out of the past 14 days eurjpy’s price has gone up 9 them.
This is the 2nd consecutive hour eurjpy has seen its price head down.
This is a reversal of the price action on the previous hour, in which price moved up.