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GBP/JPY Bulls Reload at 214: Triple EMA Support Eyes 216–217 Breakout

GBPJPY gained slightly after a minor profit-booking. It reaches an intraday low of 214.35; presently, it is around 215

 

Technicals

CMP -214.76

Trend

4- Hour chart

Value

 

 

55 EMA

214.38

CMP >value

Bullish

200- EMA

213.79

CMP >value

Bullish

365- EMA

213.19

CMP >value

Bullish

 Major support- 2134.35/213.80/213.35/212.60/212/211.30/210.40/209.80. Major resistance 215.60/ 216/217/218.

 

Momentum indicator

Value

 

CCI(50)

33.26

Bullish

ADX

Strength increased from 18.40 to 20.29

Bearish

 It is good to buy on dips around 214 with SL around 213 for a TP of 216/217.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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