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Sterling Surge: GBP/JPY Smashes Above 214 With Triple EMA Blessing; Bulls Eye 217

GBPJPY trades above 214 on the strong pound sterling. It dropped to a low of 212.93 yesterday; now it is about 214.39.

 

Technicals

CMP -214.40

Trend

4- Hour chart

Value

 

 

55 EMA

214.29

CMP >value

Bullish

200- EMA

213.88

CMP >value

Bullish

365- EMA

213.31

CMP >value

Bullish

 Major support-213.80/213/212.60/212/211.30/210.40/209.80. Major resistance 214.50/215/215.60/ 216/217/218.

 

Momentum indicator

Value

 

CCI(50)

-32.63

Bearish

ADX

 

Neutral

 It is good to buy on dips around 214 with SL around 213 for a TP of 217.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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