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GBPJPY Powers Above 211.50 — Yen Weakness Fuels Fresh Breakout Toward 214

 

 

 

The GBPJPY  holds above 211.50 as yen trades weak against all majors.  It hits an intraday high of 211.70 and is currently trading around 211.42

Technicals

CMP -211.53

Trend

4- Hour chart

Value

 

 

55 EMA

209.51

CMP > value

Bullish

200- EMA

210.34

CMP > value

Bullish

365- EMA

209.48

CMP > value

Bullish

 

Major support- 210.50/210/209.48/208. Major resistance - 212/213.15/214

 

Momentum indicator

Inference

Value

CCI(50)

above zero line (slightly bullish)

204.85

ADX

Bullish

 

 

It is good to buy on dips around 211 with SL around 210 for a TP of 214

 

 

 

 

 

 

 

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