GBPJPY showed a minor profit-booking after three weeks of a bullish trend. It reached a high of 215.52 yesterday; presently, it is around 215.33.
|
Technicals |
CMP -215.33 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
214.24 |
CMP >value |
Bullish |
|
200- EMA |
213.72 |
CMP >value |
Bullish |
|
365- EMA |
213.13 |
CMP >value |
Bullish |
Major support-212.60/212/211.30/210.40/209.80/209. Major resistance 215.60/ 216/217/218.
|
Momentum indicator |
Value |
|
|
CCI(50) |
186.06 |
Bullish |
|
ADX |
Neutral |
Strength increased from 17.67 to 19.81 |
It is good to buy on dips around 214, with an SL around 213, for a TP of 216/217.
