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.