GBPJPY trades marginally negative as poor UK CPI raises BOE's rate cut possibilities. It reaches an intraday low of 217.83; now it is about 217.95.
|
Technicals |
CMP -217.96 |
Trend |
|
|
1-hour |
Value |
|
|
|
55 EMA |
218.28 |
CMP <value |
Bearish |
|
200- EMA |
217.93 |
CMP >value |
Bullish |
|
365- EMA |
217.25 |
CMP >value |
Bullish |
Major support- 217.50/217.20/216.40/215.80/215. Major resistance 218.35/218.80/219060/220/223/225.97.
|
Momentum indicator |
Value |
|
|
CCI(50) |
-161.75 |
Bearish |
|
ADX |
Strength increased from 12.68 to 17.94 |
Bearish |
It is good to sell below 217.80 with SL around 218.40 for a TP of 216.40/216.
