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Sterling Under Siege: Can GBPJPY Bulls Defend Key Support as Momentum Fades?

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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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