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Pound Under Siege: GBPJPY Eyes Critical Support Amid Geopolitical Turmoil

 

 

 

GBPJPY trades below 212 as Pound sterling declined sharply due to geopolitical tensions. At 2121.58, it reaches an intraday low; now trading around 212.28.

Technicals

CMP -212.23

Trend

4- Hour chart

Value

 

 

55 EMA

212.15

CMP >value

Bullish

200- EMA

211.92

CMP >value

Bullish

365- EMA

211.61

CMP >value

Bullish

 Major support-  211.50/210.70/210/209.48/208. Major resistance - 212/212.40/213.15/214/215.

 

Momentum indicator

Inference

Value

CCI(50)

Neutral

-30.49

ADX

Neutral

 

 

It is good to buy on dips around 212, with SL at 210.80, for a TP of 215.

 

 

 

 

 

 

 

 

 

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