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Yen Resurgence Drives GBPJPY to 2.5-Week Low: Sellers Aim for 208.00

GBPJPY hits 2-1/2 week low as yen gains momentum. Today it dropped to 209.63; now it is trading at about 2. Technicals CMP -210.82 Trend 4- Hour chart Value 55 EMA 210.79 CMP <value Bearish 200- EMA 211.72 CMP < value Be…

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Yen Resurgence Drives GBPJPY to 2.5-Week Low: Sellers Aim for 208.00
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GBPJPY hits 2-1/2 week low as yen gains momentum. Today it dropped to 209.63; now it is trading at about 2.

 

Technicals

CMP -210.82

Trend

4- Hour chart

Value

 

 

55 EMA

210.79

CMP <value

Bearish

200- EMA

211.72

CMP < value

Bearish

365- EMA

211.77

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

-143.77

ADX

Neutral

 

 

It is good to sell on rallies around 210.78-80 with SL around 212 for a TP of 208.

 

 

 

 

 

 

 

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