Demand for the dollar pulled the pound sterling down, causing GBPJPY to lose most of its gains. Today hits an intraday low of 211.43; now it is trading at about 211.60.
|
Technicals |
CMP -211.60 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
213.29 |
CMP <value |
Bearish |
|
200- EMA |
213.44 |
CMP <value |
Bearish |
|
365- EMA |
212.74 |
CMP >value |
Bearsih |
Major support-211.30/210.40/209.80/209. Major resistance 212.50/213.60/ 214/214.50/ 216/217/218.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-202.80 |
|
ADX |
Bearish |
Strength increased from 28.37 to 36.57 |
It is good to sell on rallies around 212 with SL around 213 for a TP of 210.
