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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 >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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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