GBPJPY breaks minor trend line resistance after a long consolidation. It hits an intraday high of 214.32; now it is about 214.30.
|
Technicals |
CMP -214.30 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
213.54 |
CMP >value |
Bullish |
|
200- EMA |
213.64 |
CMP >value |
Bullish |
|
365- EMA |
213.83 |
CMP >value |
Bullish |
Major support- 213.60/213/212.35/212/211.30/210.40/209.80. Major resistance 214.70/215.25/215.60/ 216/217/218.
|
Momentum indicator |
Value |
|
|
CCI(50) |
263 |
Bullish |
|
ADX |
Strength increased from 11.11 to 20.85 |
Bullish |
It is good to buy on dips around 213.80-85, with an SL around 213, for a TP of 216.
