For the past two weeks, GBPJPY has been consolidating within a limited range of 213.31 to 210.80. It reached an intraday high of 213.11; now trading about 213.11.
|
Technicals |
CMP -213.11 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
212.19 |
CMP >value |
Bullish |
|
200- EMA |
211.35 |
CMP > value |
Bullish |
|
365- EMA |
210.54 |
CMP >value |
Bullish |
Major support- 212.25/211.95/211.35/210.70/210/209.48/208. Major resistance - 213.31/214/215.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
125.83 |
|
ADX |
Neutral |
|
It is good to buy on dips around 213 with SL around 211.95 for a TP of 215.
