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GBP/JPY Breaks 215.00: Sterling Strength Fuels Bullish Run Toward 217.00

GBPJPY  gained above 215 on board-based Pound sterling buying. Today it hits an intraday high of 215.05; now it is trading at about 214.97.

 

Technicals

CMP -214.97

Trend

4- Hour chart

Value

 

 

55 EMA

212.69

CMP >value

Bullish

200- EMA

211.81

CMP >value

Bullish

365- EMA

211.08

CMP >value

Bullish

 Major support-  212.30/211.80/211.30/210.40/209.48/208. Major resistance 215.20/216/217.

 

Momentum indicator

Inference

Value

CCI(50)

Bullish

152.34

ADX

Bullish

Strength increased from 43.86 to 44.58

 

It is good to buy on dips around 214.58-60 with SL around 213.60 for a TP of 217.

 

 

 

 

 

 

 

 

 

 

 

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