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Sterling Surge: GBPJPY Powers Above 214.50 as Triple Bullish EMA Stack Signals Push to 217

GBPJPY trades above 214.50 on strong pound sterling. It hits an intraday high 215.01 ; now it is about 214.93. Technicals CMP -214.93 Trend 4- Hour chart Value 55 EMA 214.35 CMP >value Bullish 200- EMA 213.92 CMP >value …

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Sterling Surge: GBPJPY Powers Above 214.50 as Triple Bullish EMA Stack Signals Push to 217
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GBPJPY trades above 214.50 on strong pound sterling. It hits an intraday high 215.01 ; now it is about 214.93.

 

Technicals

CMP -214.93

Trend

4- Hour chart

Value

 

 

55 EMA

214.35

CMP >value

Bullish

200- EMA

213.92

CMP >value

Bullish

365- EMA

213.35

CMP >value

Bullish

 Major support-213.80/213/212.60/212/211.30/210.40/209.80. Major resistance 215.20/215.60/ 216/217/218.

 

Momentum indicator

Value

 

CCI(50)

28.93

Bullish

ADX

 

Neutral

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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