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FxWirePro- Woodies pivot (Major) 
GBPJPY has been consolidating in a narrow range between 211.38 and 209.22 for the past three days. It is now trading around 210.23 after reaching an intraday high of 210.57.
|
Technicals |
CMP -210.23 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
210.25 |
CMP <value |
Bearish |
|
200- EMA |
210.18 |
CMP < value |
Bearish |
|
365- EMA |
210.22 |
CMP <value |
Bearish |
Major support- 210/209.48/208. Major resistance - 212/213.15/214
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-12 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 210.28-30 with SL around 211.35 for a TP of 207.60.
