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Sterling Surge: GBPJPY Eyes 214.00 as Yen Weakness Fuels Five-Day Rally

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.

 

 

 

 

 

 

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