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GBPJPY Claims 215: Sterling Bulls Forge Ahead with Locked-In Momentum

GBPJPY holds above the 215 level as pound sterling gains momentum.  It reaches an intraday high of 215.23; presently it is around 215.21

 

Technicals

CMP -215.21

Trend

4- Hour chart

Value

 

 

55 EMA

214.49

CMP >value

Bullish

200- EMA

213.84

CMP >value

Bullish

365- EMA

213.25

CMP >value

Bullish

 Major support- 214.35/213.80/213.35/212.60/212/211.30/210.40/209.80. Major resistance 215.60/ 216/217/218.

 

Momentum indicator

Value

 

CCI(50)

92.62

Bullish

ADX

 

Neutral

 It is good to buy on dips around 214.68-70 with SL around 214 for a TP of 216/217.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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