GBPJPY found support close to 38.2% fib and had a decent rebound on board-based weakness in the Yen. It reached an intraday high of 215.21 today; it is currently trading at approximately 215.157.
|
Technicals |
CMP -215.21 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
214.39 |
CMP >value |
Bullish |
|
200- EMA |
212.77 |
CMP >value |
Bullish |
|
365- EMA |
211.78 |
CMP >value |
Bullish |
Major support- 213.80/212.30/211.80/211.30/210.40/209.48/208. Major resistance 216/217/218.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
10.91 |
|
ADX |
Neutral |
|
It is good to buy on dips around 215 with SL around 213.80 for a TP of 217.
