GBPJPY Bulls Dominate: Holds Above 213 with Eyes on 215 Breakout

GBPJPY lost traction over 213 yen. As long as support 211.90 is maintained, the intraday trend is bullish. It is trading around 213 as of publication; its intraday high is 213.14.
 

Oscillators and moving averages to forecast the trend of GBPJPY

CMP- 213.14

EMA ( 60-min chart)

55-EMA- 212.30

200-EMA- 211.695

365-EMA- 211.86. The pair trades above the short (55- EMA) and long-term moving average (200 and 365 EMA).

 Major Support- 212.30. Any breach below will drag the pair down to 211.75/211/209.70/208.50/208 .

Major resistance - 212.30.  Any break above 212.30 confirms minor bullishness; a jump to 213/213.45/215 is possible.

Indicator (60-min chart)

 CCI (50)-  Bullish

Average directional movement Index-  Bullish. All indicators confirm a bullish trend.

It is good to buy on dips around 212.55  with SL around 211.29 for a TP of 215.