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Pound on Pause: GBPJPY Bulls Regroup for a Potential Sprint Toward 215.00

GBPJPY is trading flat after three days of a bullish trend. Today it hits an intraday high of 213.15; now it is trading at about 212.89.

 

Technicals

CMP -212.98

Trend

4- Hour chart

Value

 

 

55 EMA

212.28

CMP >value

Bullish

200- EMA

211.74

CMP >value

Bullish

365- EMA

211.67

CMP >value

Bullish

 Major support-  212.30/211.80/211.30/210.40/209.48/208. Major resistance 213.31/214.50/215.

 

Momentum indicator

Inference

Value

CCI(50)

Bullish

89

ADX

Neutral

 

 

It is good to buy on dips around 212.28-30 with SL around 211.30 for a TP of 215.

 

 

 

 

 

 

 

 

 

 

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