For the previous two days, GBPJPY has been consolidating in a tight range between 209.18 and 210.74. Having hit an intraday low of 209.18, it is presently trading around 209.515.
|
Technicals |
CMP -209.52 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
210.01 |
CMP <value |
Bearish |
|
200- EMA |
210.11 |
CMP < value |
Bearish |
|
365- EMA |
210.18 |
CMP <value |
Bearish |
Major support- 210/209.48/208. Major resistance - 212/213.15/214
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-76 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 210.28-30 with SL around 211.35 for a TP of 207.60.
