Technicals

Add as a preferred source on Google

GBPJPY Surges Above 216.50 Amidst Yen Weakness; Buy on Dips Advised

GBPJPY gained above 216.50 on board-based yen weakness. It hits an intraday high of 216.97 ; now it is about 216.97. Technicals CMP -216.97 Trend 60-min Value 55 EMA 215.79 CMP >value Bullish 200- EMA 214.97 CMP >value B…

1 min read
GBPJPY Surges Above 216.50 Amidst Yen Weakness; Buy on Dips Advised
Image from the original EconoTimes article

Read the original article

GBPJPY gained above 216.50 on board-based yen weakness. It hits an intraday high of 216.97 ; now it is about 216.97.

 

Technicals

CMP -216.97

Trend

60-min

Value

 

 

55 EMA

215.79

CMP >value

Bullish

200- EMA

214.97

CMP >value

Bullish

365- EMA

214.63

CMP >value

Bullish

 Major support- 216.40/215.80/215/214.35/213.60/213/212.35/212. Major resistance  217/218/220.

 

Momentum indicator

Value

 

CCI(50)

184.74

Bullish

ADX

Strength increased from 21.10 to 45

Bullish

 It is good to buy on dips around 216 with SL around 215 for a TP of 218.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560