Weak pound sterling stopped GBPJPY's six-week winning streak and trimmed some of its profits. Yesterday it dropped to 210.20; now it is trading at about 210.82.
|
Technicals |
CMP -210.82 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
212.06 |
CMP <value |
Bearish |
|
200- EMA |
211.52 |
CMP < value |
Bearish |
|
365- EMA |
210.74 |
CMP >value |
Bullish |
Major support- 210/209.48/208. Major resistance - 211.40/212.20/213.31/214/215.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-173 |
|
ADX |
Bearish |
Strength increased from 13.70 to 28 |
It is good to sell on rallies around 211.48-50 with SL around 212.20 for a TP of 209.80/208.
