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GBPJPY Weakens Amid Yen Strength: Sell on Rallies Recommended

GBPJPY trades weak on board-based Yen strength. It hits an intraday low of 214.64 ; now it is about 215.102.

 

Technicals

CMP -215.09

Trend

15 -min chart

Value

 

 

55 EMA

215.51

CMP <value

Bearish

200- EMA

215.38

CMP <value

Bearish

365- EMA

215

CMP >value

Bullish

 Major support- 215/214.15/213.60/213/212.35/212/211.30/210.40/209.80. Major resistance  216/217/218.

 

Momentum indicator

Value

 

CCI(50)

-111.07

Bearish

ADX

 

Neutral

 It is good to sell on rallies around 215.18-20 with SL around 216 for a TP of 212.35.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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