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GBPJPY Bullish Surge: Strong Pound Ignites Fresh Upside on Fed-BOE Policy Divergence as All EMAs Align

 

 

Yesterday's best performers were GBPJPY as the Pound sterling picks up speed against USD, thanks to policy divergence between the Fed and the BOE. Yesterday it hit a high of 219.61; now it is around 219.02.

 

Technicals

CMP -219.02

Trend

1-hour

Value

 

 

55 EMA

218.31

CMP >value

Bullish

200- EMA

217.20

CMP >value

Bullish

365- EMA

216.46

CMP >value

Bullish

 Major support- 218.80/218/217.20/216.40/215.80/215. Major resistance 220.20/223/225.97.

 

Momentum indicator

Value

 

CCI(50)

70.27

Bullish

ADX

 

Neutral

 It is good to buy on dips around 218.20-22 with SL around 217 for a TP of 220.15/223.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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