Friday, October 16, 2026

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GBPJPY Surges on Yen Weakness – Bullish Dip Buy Eyes 217

GBPJPY gained sharply as the yen lost momentum. It reached an intraday high of 214.98; now it is about 214.89. Technicals CMP -214.89 Trend 1-hour Value 55 EMA 213.35 CMP >value Bullish 200- EMA 213.78 CMP >value Bullish…

By FxWirePro Team
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GBPJPY Surges on Yen Weakness – Bullish Dip Buy Eyes 217
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GBPJPY gained sharply as the yen lost momentum. It reached an intraday high of 214.98; now it is about 214.89.

 

Technicals

CMP -214.89

Trend

1-hour

Value

 

 

55 EMA

213.35

CMP >value

Bullish

200- EMA

213.78

CMP >value

Bullish

365- EMA

214.71

CMP >value

Bullish

 Major support- 213.75/213/212/211.60/210. Major resistance: 215/216.35/217/218.

 

Momentum indicator

Value

 

CCI(50)

232.44

Bullish

ADX

Strength increased from 28 to 28.81

Bullish

 It is good to buy on dips around 214.58-60 with SL around 213.60 for a TP of 217.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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By FxWirePro Team