GBP/JPY Under Pressure: Rally Below 209.60 Offers Short Opportunity 
Major Pair Currency Score: USDCAD Extremely Bearish, USDCHF and AUDUSD Bullish 
JPY Major Currency Score: All Currencies Extremely Bearish 
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NZDJPY trades below the 90 level after a minor pullback. If the 90.60 resistance holds, the downtrend appears to be trending toward favorability.
|
Technicals |
CMP -90.05 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
92.14 |
CMP<value |
Bearish |
|
200- EMA |
93.29 |
CMP <value |
Bearish |
|
365- EMA |
93.37 |
CMP<value |
Bearish |
|
92.93 |
CMP<Value |
Bearish |
Near-term resistance - 90.50/90.97/91.80/92/92.30/93.20. Near-term support- 89.50/89/88
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-119.08 |
|
ADX |
Bearish |
Strength increased from 61.74 to 62.95 |
It is good to sell on rallies around 90.18-20 with an SL around 91, for a TP of 88.
