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Pound Powerhouse: GBPJPY Smashes 211.50 as Yen Weakness Intensifies

With board-based yen selling, GBPJPY rose over 211.50. Having reached an intraday high of 211.58, it is presently trading around 211.52. Technicals CMP -211.53 Trend 4- Hour chart Value 55 EMA 210.36 CMP> value Bullish 2…

By FxWirePro Team
1 min read
Pound Powerhouse: GBPJPY Smashes 211.50 as Yen Weakness Intensifies
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With board-based yen selling, GBPJPY rose over 211.50. Having reached an intraday high of 211.58, it is presently trading around 211.52.

 

Technicals

CMP -211.53

Trend

4- Hour chart

Value

 

 

55 EMA

210.36

CMP> value

Bullish

200- EMA

210.42

CMP > value

Bullish

365- EMA

209.73

CMP > value

Bullish

 

Major support- 211/210.70/210/209.48/208. Major resistance - 212/213.15/214

 

Momentum indicator

Inference

Value

CCI(50)

Bullish

93

ADX

Neutral

 

 

It is good to buy on dips around  210.78-80 with SL around 210  for a TP of 214.

 

 

 

 

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By FxWirePro Team