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Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup

GBPJPY rose back above 214 after a minor sell-off. It reached an intraday high of 214.22; presently, it is around 213.798. Technicals CMP -213.79 Trend 4- Hour chart Value 55 EMA 213.81 CMP <value Bearish 200- EMA 213.54…

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Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup
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GBPJPY rose back above 214 after a minor sell-off. It reached an intraday high of 214.22; presently, it is around 213.798.

 

Technicals

CMP -213.79

Trend

4- Hour chart

Value

 

 

55 EMA

213.81

CMP <value

Bearish

200- EMA

213.54

CMP >value

Bullish

365- EMA

212.98

CMP >value

Bullish

 Major support-213//212.60/212/211.30/210.40/209.80/209. Major resistance 214.50/215/ 216/217/218.

 

Momentum indicator

Inference

Value

CCI(50)

Bullish

45.44

ADX

Neutral

 

 

  It is good to buy on dips around 213 with SL around 212 for a TP of 216/217.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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