GBPJPY breaks trend line support after a long consolidation. At 211.45, it reaches an intraday low; now trading around 211.567.
|
Technicals |
CMP -211.59 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
212.55 |
CMP <value |
Bearish |
|
200- EMA |
212.47 |
CMP < value |
Bearish |
|
365- EMA |
212.14 |
CMP <value |
Bearish |
Major support- 211.35/210.70/210/209.48/208. Major resistance - 212.20/213.31/214/215.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-216.92 |
|
ADX |
Bearish |
Strength increased from 14.80 to 21 |
It is good to sell on rallies around 212 with SL around 213.20 for a TP of 209.80/208.
