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GBPJPY Stuck in Tight Range – Neutral Bias Persists Despite Bullish EMAs

GBPJPY trades in a narrow range with a neutral bias.  It hits an intraday high of  217.08; now it is about 217.03.

Technicals

CMP -217.03

Trend

60-min

Value

 

 

55 EMA

216.96

CMP >value

Bullish

200- EMA

216.52

CMP >value

Bullish

365- EMA

215.91

CMP >value

Bullish

 Major support- 216.40/215.80/215/214.35/213.60/213/212.35/212. Major resistance 218/220.

 

Momentum indicator

Value

 

CCI(50)

46.25

Bullish

ADX

 

Neutral

 It is good to buy on dips around 217 with SL around 216 for a TP of 220..

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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