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GBP/JPY Hits Nine-Week High as Pound Strength Extends Broadly

GBPJPY hits a nine-week high on board-based pound strength. It hits a high of 217.45; now it is about 217.41.

 

Technicals

CMP 217.41

Trend

60-min

Value

 

 

55 EMA

215.55

CMP >value

Bullish

200- EMA

214.58

CMP >value

Bullish

365- EMA

214.03

CMP >value

Bullish

 Major support- 216.40/215.80/215/214.35/213.60/213/212.35/212. Major resistance  217.50/218/220.

 

Momentum indicator

Value

 

CCI(50)

108.33

Bullish

ADX

Neutral

 

 It is good to buy on dips around 217 with SL around 216 for a TP of 220.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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