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FxWirePro- Woodies pivot (Major) 
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GBPJPY trades flat as the market eyes further developments in US-Iran talks. At 213.12, it reaches an intraday high; now trading around 213.038.
|
Technicals |
CMP -213.041 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
211.45 |
CMP >value |
Bullish |
|
200- EMA |
212.36 |
CMP > value |
Bullish |
|
365- EMA |
210.62 |
CMP >value |
Bullish |
Major support- 212.25/211.95/211.35/210.70/210/209.48/208. Major resistance - 213.31/214/215.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
100.98 |
|
ADX |
Neutral |
|
It is good to buy on dips around 212.48-50 with SL around 211.58 for a TP of 215.
