GBPJPY showed a false breakout below 23.6% fib (fib retracement joining 184 and 215) and jumped more than 150 pips. It hits an intraday high of 209.30 and is currently trading around 209.72
|
Technicals |
CMP -209.18 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
209.13 |
CMP > value |
Bullish |
|
200- EMA |
210.50 |
CMP < value |
Bearish |
|
365- EMA |
211.49 |
CMP < value |
Bearish |
Major support- 207.75/206.75/205.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
above zero line (bullish) |
131 |
|
ADX |
Neutral |
Strength jumped from 14 to 15.52 |
It is good to sell on rallies around 209.55-57 with SL around 210.50 for a TP of 207.55/206.
