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Sterling Strength Sweeps the Yen: GBPJPY Bulls Target 217.00 After Clearing 215.00

GBPJPY  holds above 215 on board-based Pound sterling buying. Today it hits an intraday high of 215.70; now it is trading at about 215.59

 

Technicals

CMP -215.58

Trend

4- Hour chart

Value

 

 

55 EMA

213.14

CMP >value

Bullish

200- EMA

212.01

CMP >value

Bullish

365- EMA

211.23

CMP >value

Bullish

 Major support-  214.25/213.20/212.30/211.80/211.30/210.40/209.48/208. Major resistance 216/218/219.25.

Momentum indicator

Inference

Value

CCI(50)

Bullish

144.36

ADX

Bullish

Strength increased from 48.42 to 51.48

 

It is good to buy on dips around 214.78-80, with an SL around 213.80, for a TP of 217.

 

 

 

 

 

 

 

 

 

 

 

 

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