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Sterling Stability: GBPJPY Coils for a Breakout Near 216.00

 

 

GBPJPY is consolidating in a narrow range between 216.05 and 214.95 in the past two days. Today it hits an intraday high of 215.97 ; now it is trading at about 215.923.

 

Technicals

CMP -215.92

Trend

4- Hour chart

Value

 

 

55 EMA

215.18

CMP >value

Bullish

200- EMA

213.58

CMP >value

Bullish

365- EMA

212.44

CMP >value

Bullish

 Major support- 215/214.50/ 213.80/212.30/211.80/211.30/210.40. Major resistance 216/217/218.

 

Momentum indicator

Inference

Value

CCI(50)

Bullish

114.30

ADX

Neutral

 

 It is good to buy on dips around 215 with SL around 214 for a TP of 217.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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