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FxWirePro: USD/JPY advances as intervention fears fail to lift Yen 
FxWirePro: USD/ZAR retreats slightly but trend is still bullish 
FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption 
FxWirePro: NZD/USD holds narrow range, scope for downward resumption 
FxWirePro: USD/ZAR changes short term trend from neutral to bearish 
FxWirePro: USD/CAD steadies around 1.4200 level , retains bid tone 
FxWirePro: GBP/AUD gaining momentum for a move towards 1.9300 level 
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FxWirePro: AUD/USD holds narrow range, focus on near-term support 
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FxWirePro: EUR/ NZD gaining momentum for a move towards 2.0350 level 
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FxWirePro- Major Pair levels and bias summary 
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GBPJPY Surges Past Trendline Resistance, Signaling Bullish Momentum 
GBPJPY has been consolidating in a narrow range between 214.68 and 214.07 for the past two days. It hits an intraday high of 214.4; now it is trading at about 214.45.
|
Technicals |
CMP -214.45 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
213.53 |
CMP >value |
Bullish |
|
200- EMA |
213.42 |
CMP >value |
Bullish |
|
365- EMA |
212.84 |
CMP >value |
Bullish |
Major support-211.30/210.40/209.80/209. Major resistance 214.50/215/ 216/217/218.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
125.11 |
|
ADX |
Bullish |
Strength increased from 25.43 to 27.84 |
It is good to buy on dips around 214 with SL around 213 for a TP of 216/217.
