GBPJPY is consolidating after one week of an uptrend. Today it hits an intraday high of 215.79; now it is trading at about 215.57.
|
Technicals |
CMP -215.57 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
213.54 |
CMP >value |
Bullish |
|
200- EMA |
212.18 |
CMP >value |
Bullish |
|
365- EMA |
211.35 |
CMP >value |
Bullish |
Major support- 212.30/211.80/211.30/210.40/209.48/208. Major resistance 215.20/216/217.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
110.61 |
|
ADX |
Neutral |
|
It is good to buy on dips around 214.58-60 with SL around 213.60 for a TP of 217.


FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY downtrend loses steam, remains on bearish path
FxWirePro: GBP/AUD drifts lower, could be on verge of bigger drop
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: AUD/USD hovers near 4-year top,outlook bullish
NZDJPY Consolidation: Bullish Resilience Prepares for a Breakout Toward 96.00
FxWirePro: EUR/ NZD holds narrow range, focus on near-term support
FxWirePro: GBP/USD retreats slightly but trend is still bullish jobs data
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CAD downside pressure builds, key support level in
Aussie Ascent: AUDJPY Hits Multi-Session Highs as Bullish Momentum Intensifies
FxWirePro: USD/ JPY struggle to extend its recovery,good to sell on rally
FxWirePro: USD/CAD hits three-week low, vulnerable to more downside
FxWirePro: GBP/USD retreats slightly but trend is still bullish jobs data
FxWirePro: USD/CNY dips as Yuan firms on Q1 growth surprise
FxWirePro- Major European Indices 



