Profit-taking caused the GBPJPY to trim off some of its gains. It is now trading around 210.95 after reaching an intraday high of 212.12.
|
Technicals |
CMP -210.84 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
210.89 |
CMP > value |
Bullish |
|
200- EMA |
209.95 |
CMP > value |
Bullish |
|
365- EMA |
210.14 |
CMP > value |
Bullish |
Major support- 210.50/210/209.48/208. Major resistance - 212/213.15/214
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Neutral |
5.66 |
|
ADX |
Neutral |
|
It is good to buy on dips around 210.68-70 with SL around 209.80 for a TP of 214.
