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GBPJPY Surges to 211.88: Sterling Bulls Target 215 Amid Broad-Based Buying

 

 

GBPJPY trades higher on board-based Pound sterling buying. Today it hits an intraday high of 211.88 ; now it is trading at about 211.81.

 

Technicals

CMP -211.81

Trend

4- Hour chart

Value

 

 

55 EMA

211.39

CMP >value

Bullish

200- EMA

211.38

CMP >value

Bullish

365- EMA

210.78

CMP >value

Bullish

 Major support-  211.30/210.40/209.48/208. Major resistance - 211.40/212.20/213.31/214/215.

 

Momentum indicator

Inference

Value

CCI(50)

Bullish

26.25

ADX

Neutral

 

 

It is good to buy on dips around 211.30 with SL around 210.50 for a TP of 215..

 

 

 

 

 

 

 

 

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