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GBPJPY Dips on Weak UK Jobs: Bullish EMA Alignment Fuels Buy-the-Dip to 217

GBPJPY showed a minor sell-off after weak UK jobs data. It reached an intraday low of 215.92; now it is about 215.98. Technicals CMP -215.98 Trend 1-hour Value 55 EMA 215.03 CMP >value Bullish 200- EMA 215.35 CMP >value …

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GBPJPY Dips on Weak UK Jobs: Bullish EMA Alignment Fuels Buy-the-Dip to 217
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GBPJPY  showed a minor sell-off after weak UK jobs data. It reached an intraday low of 215.92; now it is about 215.98. 

Technicals

CMP -215.98

Trend

1-hour

Value

 

 

55 EMA

215.03

CMP >value

Bullish

200- EMA

215.35

CMP >value

Bullish

365- EMA

215.11

CMP >value

Bullish

 Major support- 215.35/214.70/213.75/213/212/211.60/210. Major resistance: 216.35/217/218.

 

Momentum indicator

Value

 

CCI(50)

100.86

Bullish

ADX

Strength increased from 14.49 to 19.13

Bullish

 It is good to buy on dips around 215.48- 50, with SL around 214.50 for a TP of 217.

 

 

 

 

 

 

 

 

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