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GBPJPY Dips to 216.71 On Yen Strength: Buy the 217 Zone Targeting 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.
