GBPJPY Bounces Off Support: Bulls Target 212 as Short-Term Moving Averages Align
GBPJPY gained after forming a temporary bottom at 208.89. It reached an intraday high of 210.25; now it is about 210.22. Technicals CMP -210.27 Trend 1-hour Value 55 EMA 209.72 CMP >value Bullish 200- EMA 209.37 CMP >val…
By FxWirePro Team
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GBPJPY gained after forming a temporary bottom at 208.89. It reached an intraday high of 210.25; now it is about 210.22.
Technicals
CMP -210.27
Trend
1-hour
Value
55 EMA
209.72
CMP >value
Bullish
200- EMA
209.37
CMP >value
Bullish
365- EMA
209.38
CMP >value
Bullish
Major support: 208/207/205. Major resistance: 210.25/211/211.60/212.66/213/214/215.
Momentum indicator
Value
CCI(50)
Bullish
131.99
ADX
Neutral
Strength increased from 31.02 to 32.51
It is good to buy on dips around 210 with SL around 209 for a TP of 212.
