GBPJPY breaks significant support 210 as yen increases due to safe-haven demand. It is now trading around 209.71 after reaching an intraday low of 209.35.
|
Technicals |
CMP -209.44 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
210.35 |
CMP <value |
Bearish |
|
200- EMA |
210.09 |
CMP < value |
Bearish |
|
365- EMA |
210.19 |
CMP <value |
Bearish |
Major support- 210.50/210/209.48/208. Major resistance - 212/213.15/214
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-112.68 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 210 with SL around 211 for a TP of 207.55
