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GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent? 
- The Danish Krone edged lower, reversing some of its previous session gains following the release of Denmark's inflation report.
- Denmark's annual inflation rate came in at 0.4 percent in August, the same pace as in the previous month, while Harmonised Consumer Prices decreased to 102.70 Index Points in August from 103.10 Index Points in July.
- USD/DKK is currently trading flat at 6.7554, having hit a low of 6.7302 last week, its lowest since August 29.
- On Monday, the pair fell to a low of 6.7393 but found major support at 21-EMA.
- Technical indicators support uptrend, with RSI strong at 56.52 and Stochs are on the verge of bullish crossover.
- Immediate resistance is located at 6.7704, close above could take it till 6.7986 (September 4 High).
- On the downside, support is seen at 6.7382 (21-EMA), and a break below will take it till 6.7109 (August 19 Low).
Recommendation: Good to buy on dips around 6.7478, with stop loss of 6.7382 and target price of 6.7704.
