GBPJPY gained more than 150 pips after forming a minor bottom around 207.56. It hits an intraday low of 208.97 and is currently trading around 209.95.
|
Technicals |
CMP -209.17 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
209.13 |
CMP > value |
Bullish |
|
200- EMA |
210.98 |
CMP less than value |
Bearish |
|
365- EMA |
211.49 |
CMP more than value |
Bullish |
Major support- 207.75/206.75/205.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
above zero line (bullish) |
-154 |
|
ADX |
Neutral |
Strength declined from 20.73 to 19.81. |
It is good to sell on rallies around 209.55-57 with SL around 210.50 for a TP of 207.55/206.
