GBPJPY is consolidating after one week of an uptrend. Today it hits an intraday high of 215.79; now it is trading at about 215.57.
|
Technicals |
CMP -215.57 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
213.54 |
CMP >value |
Bullish |
|
200- EMA |
212.18 |
CMP >value |
Bullish |
|
365- EMA |
211.35 |
CMP >value |
Bullish |
Major support- 212.30/211.80/211.30/210.40/209.48/208. Major resistance 215.20/216/217.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
110.61 |
|
ADX |
Neutral |
|
It is good to buy on dips around 214.58-60 with SL around 213.60 for a TP of 217.
