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Sterling Slumps Under Yen Surge: GBPJPY Faces Steep Resistance at 213.00

GBPJPY lost its shine on board-based Yen buying. Today it hits an intraday low of  210.76; now it is trading at about 211.92.

 

Technicals

CMP -211.92

Trend

4- Hour chart

Value

 

 

55 EMA

214.05

CMP >value

Bullish

200- EMA

213.58

CMP <value

Bearish

365- EMA

212.61

CMP <value

Bearish

 Major support- 213/212.30/211.80/211.30/210.40. Major resistance 214/214.50/ 216/217/218.

 

Momentum indicator

Inference

Value

CCI(50)

Bearish

-111.67

ADX

Neutral

 

 It is good to sell on rallies  around 213 with SL around 214 for a TP of 210.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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