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EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout 
For the fifth straight day on board-based yen weakness, GBPJPY trades upward. Having reached an intraday high of 212.89, it's currently buying and selling around 212.80.
|
Technicals |
CMP -212.80 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
212.05 |
CMP> value |
Bullish |
|
200- EMA |
211.06 |
CMP > value |
Bullish |
|
365- EMA |
210.74 |
CMP > value |
Bullish |
Major support- 212.35/211.50/211/210.70/210/209.48/208. Major resistance - 212.40/213.15/214
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
153.51 |
|
ADX |
Neutral |
|
It is good to buy on dips around 212.38-40 with SL around 210.50 for a TP of 214.
