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GBP/JPY Surge: Broad Sterling Buying Eyes 217.00 Target

GBPJPY  gained above 215.50 on board-based Pound sterling buying. It reached an high of 215.806; now it is about 215.786.

 

Technicals

CMP -215.78

Trend

1-hour

Value

 

 

55 EMA

215.10

CMP >value

Bullish

200- EMA

214.60

CMP >value

Bullish

365- EMA

214.88

CMP >value

Bullish

 Major support- 214.70/213.75/213/212/211.60/210. Major resistance: 216.35/217/218.

 

Momentum indicator

Value

 

CCI(50)

394.36

Bullish

ADX

 

Neutral

 It is good to buy on dips around 215.48- 50, with SL around 214.50 for a TP of 217.

 

 

 

 

 

 

 

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