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GBPJPY Eases on Profit Booking: Bullish Momentum Holds, Buy Dips Toward 220

GBPJPY pared some of its gains due to profit booking. It hits an high of 218.01 ; now it is about 217.59. Technicals CMP -217.41 Trend 60-min Value 55 EMA 217.17 CMP >value Bullish 200- EMA 216.01 CMP >value Bullish 365-…

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GBPJPY Eases on Profit Booking: Bullish Momentum Holds, Buy Dips Toward 220
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GBPJPY pared some of its gains  due to profit booking. It hits an high of 218.01 ; now it is about 217.59.

 

Technicals

CMP -217.41

Trend

60-min

Value

 

 

55 EMA

217.17

CMP >value

Bullish

200- EMA

216.01

CMP >value

Bullish

365- EMA

215.39

CMP >value

Bullish

 Major support- 217/216.40/215.80/215/214.35/213.60/213/212.35/212. Major resistance 218/220.

 

Momentum indicator

Value

 

CCI(50)

62.21

Bullish

ADX

Neutral

 

 It is good to buy on dips around 217 with SL around 216 for a TP of 220..

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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