GBPJPY showed a minor pullback as yen loses momentum.Yesterday it hits an high of 211.42; now it is trading at about 210.76.
|
Technicals |
CMP -210.77 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
211.60 |
CMP <value |
Bearish |
|
200- EMA |
211.41 |
CMP < value |
Bearish |
|
365- EMA |
210.70 |
CMP >value |
Bullish |
Major support- 210/209.48/208. Major resistance - 211.40/212.20/213.31/214/215.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-73 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 210.78-80 with SL around 212 for a TP of 208.
