GBPJPY trades higher for the third consecutive day on board-based buying of the Pound sterling. Today it hits an intraday high of 213.15; now it is trading at about 212.89.
|
Technicals |
CMP -213 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
211.52 |
CMP >value |
Bullish |
|
200- EMA |
211.40 |
CMP >value |
Bullish |
|
365- EMA |
210.79 |
CMP >value |
Bullish |
Major support- 212.30/211.80/211.30/210.40/209.48/208. Major resistance 213.31/214.50/215.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
143.77 |
|
ADX |
Neutral |
Strength increased from 19.83 to 26.26 |
It is good to buy on dips around 212.28-30 with SL around 211.30 for a TP of 215.
