GBPJPY has traded in a narrow range between 214.04 and 211.75 in the past three days. Today it hits an intraday high of 213.68; now it is trading at about 213.60.
|
Technicals |
CMP -213.60 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
213.10 |
CMP >value |
Bullish |
|
200- EMA |
214.13 |
CMP <value |
Bearish |
|
365- EMA |
214.22 |
CMP <value |
Bearish |
Major support- 213/212.30/211.80/211.30/210.40. Major resistance 214/214.50/ 216/217/218.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-151.78 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 214 with SL around 215 for a TP of 210.
