NZD/JPY Down 4 Pips Over Past Hour; in an Uptrend Over Past 90 Days

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Hourly Update (Last Updated February 19, 2021 1:53 GMT) At the moment, NZDJPY’s rate is down -360 pips (-0.05%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. NZDJPY…

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