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GBPJPY at Resistance: Sell Rallies Near 215.18 as Downtrend Beckons

GBPJPY took support near 200- H EMA and showed a minor pullback. It hits an intraday high of 215.45; now it is about 215.112.

 

Technicals

CMP -215.28

Trend

15 -min chart

Value

 

 

55 EMA

215.22

CMP >value

Bullish

200- EMA

214.61

CMP >value

Bullish

365- EMA

214.39

CMP >value

Bullish

 Major support- 214.35/213.60/213/212.35/212/211.30/210.40/209.80. Major resistance  216/217/218.

 

Momentum indicator

Value

 

CCI(50)

-75.07

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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