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Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup 
GBPJPY is trading flat after three days of a bullish trend. Today it hits an intraday high of 213.15; now it is trading at about 212.89.
|
Technicals |
CMP -212.98 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
212.28 |
CMP >value |
Bullish |
|
200- EMA |
211.74 |
CMP >value |
Bullish |
|
365- EMA |
211.67 |
CMP >value |
Bullish |
Major support- 212.30/211.80/211.30/210.40/209.48/208. Major resistance 213.31/214.50/215.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
89 |
|
ADX |
Neutral |
|
It is good to buy on dips around 212.28-30 with SL around 211.30 for a TP of 215.
