Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

Sterling Stays Strong: GBP/JPY Consolidates Near 215.00 After Explosive Week-Long Rally

 

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.

 

 

 

 

 

 

 

 

 

 

 

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.