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
