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GBP/JPY Holds the 215 Line as Yen Momentum Fades; Triple EMA Bulwark Eyes 217

GBPJPY holds above 215 as yen loses momentum.  It reaches an intraday high of  215.32; presently it is around 215.09.

 

Technicals

CMP -215.09

Trend

4- Hour chart

Value

 

 

55 EMA

214.61

CMP >value

Bullish

200- EMA

214.14

CMP >value

Bullish

365- EMA

213.91

CMP >value

Bullish

 Major support-212.60/212/211.30/210.40/209.80/209. Major resistance 215.50/ 216/217/218.

 

Momentum indicator

Value

 

CCI(50)

156.06

Bullish

ADX

Neutral

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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