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GBPJPY Bullish Bias Stays Strong: Buy the 217 Dip, Target 220

GBPJPY trades flat with positive bias. It hits an intraday low of 217.03; now it is about 217.19. Technicals CMP -217.19 Trend 60-min Value 55 EMA 217.04 CMP >value Bullish 200- EMA 216.44 CMP >value Bullish 365- EMA 215…

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GBPJPY Bullish Bias Stays Strong: Buy the 217 Dip, Target 220
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GBPJPY trades flat with positive bias.  It hits an intraday low of  217.03; now it is about 217.19.

 

Technicals

CMP -217.19

Trend

60-min

Value

 

 

55 EMA

217.04

CMP >value

Bullish

200- EMA

216.44

CMP >value

Bullish

365- EMA

215.80

CMP >value

Bullish

 Major support- 217/216.40/215.80/215/214.35/213.60/213/212.35/212. Major resistance 218/220.

 

Momentum indicator

Value

 

CCI(50)

 

Neutral

ADX

 

Neutral

 It is good to buy on dips around 217 with SL around 216 for a TP of 220.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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