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Dollar Demand Pins GBP/JPY Near 213.65—Bulls Circle 213 Dip for 217 Charge 
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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.
