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Sterling Defies Gravity: GBPJPY Climbs Toward 215.00 Despite Retail Gloom

GBPJPY trades higher depsite dismal UK retail sales. It hits an intraday high of 213.69; now it is trading at about 213.645. Technicals CMP -213.645 Trend 4- Hour chart Value 55 EMA 213.38 CMP >value Bullish 200- EMA 213…

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Sterling Defies Gravity: GBPJPY Climbs Toward 215.00 Despite Retail Gloom
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GBPJPY trades higher depsite dismal UK retail sales. It hits an intraday high of 213.69; now it is trading at about 213.645.

 

Technicals

CMP -213.645

Trend

4- Hour chart

Value

 

 

55 EMA

213.38

CMP >value

Bullish

200- EMA

213.15

CMP >value

Bullish

365- EMA

213.28

CMP >value

Bullish

 Major support-211.30/210.40/209.80/209. Major resistance 213.70/ 214/214.50/ 216/217/218.

 

Momentum indicator

Inference

Value

CCI(50)

Bullish

57.74

ADX

Neutral

 

 It is good to buy on dips around 213 ith SL around 212 for a TP of 215.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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