NZD/JPY Down 2 Pips Over Past Hour, Makes Big Move Relative to Two Week Trend; Came Into Today Up For the 3rd Day In A Row

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Hourly Update (Last Updated February 23, 2021 1:59 GMT) At the time of this writing, NZDJPY’s rate is down -150 pips (-0.02%) from the hour prior. NZDJPY has seen its price go down 5 out of the past 5 hours, thus creating some compelling opportunities for bears. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the…

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