GBPJPY has traded in a narrow range between 212.38 and 215.63 for the past two weeks. It hits an intraday low of 212.61; now it is about 212.60.
|
Technicals |
CMP -212.75 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
213.92 |
CMP <value |
Bearish |
|
200- EMA |
213.99 |
CMP <value |
Bearish |
|
365- EMA |
213.56 |
CMP <value |
Bearish |
Major support- 212.60/212/211.30/210.40/209.80. Major resistance 213.50/214/214.70/215.25/215.60/ 216/217/218.
|
Momentum indicator |
Value |
|
|
CCI(50) |
-68.95 |
Bearish |
|
ADX |
|
Neutral |
It is good to sell on rallies around 213 with SL around 215.20 for a TP of 210.
