GBPJPY pared some of its gains despite upbeat UK GDP data. It reached an intraday high of 208.91; now it is about 208.05.
|
Technicals |
CMP -208.05 |
Trend |
|
|
1-hour |
Value |
|
|
|
55 EMA |
210.71 |
CMP <value |
Bearish |
|
200- EMA |
213.74 |
CMP >value |
Bearish |
|
365- EMA |
214.31 |
CMP >value |
Bearish |
Major support- 207/205. Major resistance: 209.10/210/211.60/212.66/213/214/215.
|
Momentum indicator |
Value |
|
|
CCI(50) |
-68.65 |
Bearish |
|
ADX |
|
Neutral |
It is good to sell on rallies around 208.58- 60, with SL around 209.50 for a TP of 207.
