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Dollar Demand Pins GBP/JPY Near 213.65—Bulls Circle 213 Dip for 217 Charge

As demand for dollar rose, GBPJPY erased some of its gains as pound sterling lost its momentum. It reaches an intraday low of 213.33; presently it is around 213.64.

 

Technicals

CMP -213.64

Trend

4- Hour chart

Value

 

 

55 EMA

213.77

CMP <value

Bearish

200- EMA

213.51

CMP >value

Bullish

365- EMA

212.95

CMP >value

Bullish

 Major support-212.60/212/211.30/210.40/209.80/209. Major resistance 214.50/215/ 216/217/218.

 

Momentum indicator

Inference

Value

CCI(50)

Neutral

 

ADX

Neutral

 

 It is good to buy on dips around 213 with SL around 212 for a TP of 216/217.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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