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Pound-Yen Pullback: GBP/JPY Slips Below Key EMAs as Sterling Weakness Fuels Bearish Bet on 210

GBPJPY pared some of its gains on board-based Pound sterling weakness. It hits an intraday low of 213.28; now it is about 213.40. Technicals CMP -213.40 Trend 4- Hour chart Value 55 EMA 214.10 CMP <value Bearish 200- EMA…

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Pound-Yen Pullback: GBP/JPY Slips Below Key EMAs as Sterling Weakness Fuels Bearish Bet on 210
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GBPJPY pared some of its gains on board-based Pound sterling weakness. It hits an intraday low of 213.28; now it is about 213.40.

 

Technicals

CMP -213.40

Trend

4- Hour chart

Value

 

 

55 EMA

214.10

CMP <value

Bearish

200- EMA

214.06

CMP <value

Bearish

365- EMA

213.59

CMP >value

Bullish

 Major support- 213/212.60/212/211.30/210.40/209.80. Major resistance 214/214.70/215.25/215.60/ 216/217/218.

 

Momentum indicator

Value

 

CCI(50)

-61.54

Bearish

ADX

 

Neutral

 It is good to sell on rallies around 214 with SL around 215.20 for a TP of 210.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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