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GBP/JPY Technical Outlook: Pound Gains Ground Amid Geopolitical Consolidation

 

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.

 

 

 

 

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