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GBP/JPY Bulls Charge Past 217: Sterling Gains Steam as Technicals Point Higher

GBPJPY  holds above 217 on board-based Pound sterling buying. It reached an intraday high of 216.47; now it is about 217.23. 

Technicals

CMP -217.237

Trend

1-hour

Value

 

 

55 EMA

216.11

CMP >value

Bullish

200- EMA

215.65

CMP >value

Bullish

365- EMA

215.31

CMP >value

Bullish

 Major support- 216/215.35/214.70/213.75/213/212/211.60/210. Major resistance: 218/220.

 

Momentum indicator

Value

 

CCI(50)

117.45

Bullish

ADX

Strength increased from 13.51 to 15.45

Bullish

 It is good to buy on dips around 216.70-75 with SL around 21 for a TP of 217.

 

 

 

 

 

 

 

 

 

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