GBPJPY showed a little profit-taking and stopped its five-day winning streak. At 212.48, it reaches an intraday low; now trading around 212.50.
|
Technicals |
CMP -212.50 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
212.46 |
CMP> value |
Bullish |
|
200- EMA |
211.42 |
CMP > value |
Bullish |
|
365- EMA |
210.99 |
CMP > value |
Bullish |
Major support- 212.35/211.85/211/210.70/210/209.48/208. Major resistance - 213.15/214/215.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Neutral |
7.71 |
|
ADX |
Neutral |
|
It is good to buy on dips around 212.38-40 with SL around 210.50 for a TP of 214.
