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Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup 
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GBPJPY trades weak on board-based pound sterling weakness. Today it hits an intraday low of 210.46; now it is trading at about 212.73.
|
Technicals |
CMP -212.73 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
214.50 |
CMP >value |
Bullish |
|
200- EMA |
213.58 |
CMP >value |
Bullish |
|
365- EMA |
212.61 |
CMP >value |
Bullish |
Major support- 212.30/211.80/211.30/210.40. Major resistance 213.55/214.50/ 216/217/218.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-138.90 |
|
ADX |
Neutral |
|
It is good to buy on dips around 215 with SL around 214 for a TP of 217.
