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Yen Momentum Trims GBP/JPY Gains, Support Seen at 216.40

GBPJPY pared some of its gains as the yen gained momentum. It hit a high of 217.21; now it is about 216.60. Technicals CMP -216.62 Trend 60-min Value 55 EMA 216.25 CMP >value Bullish 200- EMA 215.23 CMP >value Bullish 36…

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Yen Momentum Trims GBP/JPY Gains, Support Seen at 216.40
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GBPJPY pared some of its gains as the yen gained momentum. It hit a high of 217.21; now it is about 216.60.

 

Technicals

CMP -216.62

Trend

60-min

Value

 

 

55 EMA

216.25

CMP >value

Bullish

200- EMA

215.23

CMP >value

Bullish

365- EMA

214.81

CMP >value

Bullish

 Major support- 216.40/215.80/215/214.35/213.60/213/212.35/212. Major resistance  217/218/220.

 

Momentum indicator

Value

 

CCI(50)

48.02

Bullish

ADX

Neutral

 

 It is good to buy on dips around 216 with SL around 215 for a TP of 218.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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