GBP/JPY Up 4 Pips in Last Hour, 2 Day Down Streak Ended; in an Uptrend Over Past 90 Days

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Hourly Update (Last Updated March 26, 2021 1:58 GMT) At the time of this writing, GBPJPY’s rate is up 3.6 pips (0.02%) from the hour prior. This is the 2nd consecutive hour GBPJPY has seen its price head up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. 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….

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