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GBPJPY declined more than 200 pips on board-based yen buying. It hits an intraday low of 207.61 and is currently trading around 208.53.
|
Technicals |
CMP -208.53 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
209.93 |
CMP <value |
Bearish |
|
200- EMA |
211.62 |
CMP <value |
Bearish |
|
365- EMA |
211.88 |
CMP < value |
Bearish |
Major support- 207.75/206.75/205.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
below zero line (bearish) |
-154 |
|
ADX |
Neutral |
Strength declined to 49 from 41 |
It is good to sell on rallies around 209 with SL around 210 for a TP of 206.75.
