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GBPJPY Slips After Sterling Weakness, Bears Eye 216

GBPJPY pared most of its gains on board-based Pound sterling weakness. It reached an intraday low of 217.48; now it is about 217.53.

 

Technicals

CMP -217.53

Trend

1-hour

Value

 

 

55 EMA

218.15

CMP <value

Bearish

200- EMA

218.06

CMP <value

Bearish

365- EMA

217.58

CMP >value

Bullish

 Major support- 217.50/217.20/216.40/215.80/215. Major resistance 218.35/218.80/219060/220/223/225.97.

 

Momentum indicator

Value

 

CCI(50)

-206.82

Bearish

ADX

Strength increased from 14.68 to 24.34

Bearish

 It is good to sell on rallies around 21.78-80 with SL around 218.54 for a TP of 216/215.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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