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.
