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GBPJPY Intra day trade idea (US session)

Intraday bias - Weak Technicals- The pair is trading below 34- and 55 EMA in the hourly chart. The near-term resistance is around 192.10, a breach above targets 192.60/193/193.40. The immediate support is at 191, any vio…

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GBPJPY Intra day trade idea (US session)
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Intraday bias - Weak

 

Technicals-

 

The pair is trading below 34- and 55 EMA in the hourly chart.

 

The near-term resistance is around 192.10, a breach above targets 192.60/193/193.40. The immediate support is at 191, any violation below will drag the pair to 190.

 

Indicator (hourly chart)

 

CCI (14)-  Bearish

 

CCI (50)- Bullish

 

Average directional movement Index - neutral. All indicators confirm a mixed trend.

It is good to sell on rallies around 192.02-05 with SL around 192.65 for a TP of 190.

 

 

 

 

 

 

 

 

 

 

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