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Sterling’s Bounce: GBPJPY Gains Traction on Robust UK Employment Data

GBPJPY recovered slightly on strong UK jobs data. It hits an high of 213.54; now it is trading at about 213.31.

 

Technicals

CMP -213.29

Trend

4- Hour chart

Value

 

 

55 EMA

213.02

CMP >value

Bullish

200- EMA

213.31

CMP <value

Bearish

365- EMA

212.69

CMP >value

Bearsih

 Major support-211.30/210.40/209.80/209. Major resistance 213.60/ 214/214.50/ 216/217/218.

 

Momentum indicator

Inference

Value

CCI(50)

Bullish

21.44

ADX

Neutral

 

 It is good to buy on dips around 212.48-50 with SL around 211.30 for a TP of 215..

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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