The GBPJPY pair gained slightly after upbeat UK retail sales. It hits an intraday high of 209.09 and is currently trading around 209.02.
|
Technicals |
CMP -209.38 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
208.69 |
CMP > value |
Bullish |
|
200- EMA |
209.35 |
CMP < value |
Bearish |
|
365- EMA |
210.12 |
CMP < value |
Bearish |
Major support- 207.50/206.75/205. Major resistance - 209.20/209.60/210
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
above zero line (slightly bullish) |
37.90 |
|
ADX |
Neutral |
Strength jumped from 12.42 to 13.13 |
It is good to buy above 210 with SL around 209 for a TP of 212/213.
