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GBPJPY Consolidates Above 215 on Bullish Momentum: Buy Dips Toward 217

GBPJPY is consolidating after a minor jump above 215.It reached an high of 215.26; now it is about 215.01. Technicals CMP -215.01 Trend 1-hour Value 55 EMA 214.19 CMP >value Bullish 200- EMA 214.01 CMP >value Bullish 365…

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GBPJPY Consolidates Above 215 on Bullish Momentum: Buy Dips Toward 217
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GBPJPY is consolidating after a minor jump above 215.It reached an high of 215.26; now it is about 215.01.

 

Technicals

CMP -215.01

Trend

1-hour

Value

 

 

55 EMA

214.19

CMP >value

Bullish

200- EMA

214.01

CMP >value

Bullish

365- EMA

214.76

CMP >value

Bullish

 Major support- 214.70/213.75/213/212/211.60/210. Major resistance: 215.25/216.35/217/218.

 

Momentum indicator

Value

 

CCI(50)

80.76

Bullish

ADX

 

Neutral

 It is good to buy on dips around 214.58-60 with SL around 213.60 for a TP of 217.

 

 

 

 

 

 

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