GBPJPY hits a fresh month high after a long consolidation. It hits an intraday high of 214.47; now it is trading at about 214.45.
|
Technicals |
CMP -214.45 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
213.36 |
CMP >value |
Bullish |
|
200- EMA |
213.375 |
CMP >value |
Bullish |
|
365- EMA |
212.82 |
CMP >value |
Bullish |
Major support-211.30/210.40/209.80/209. Major resistance 214.50/215/ 216/217/218.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
150.35 |
|
ADX |
Bullish |
Strength increased from 20.37 to 29.29 |
It is good to buy on dips around 214 with SL around 213 for a TP of 216/217.


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