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GBPJPY's Fade After the Peak": Pullback From 206.88 Low — Sell Rallies at 208.78-80, Target 207

GBPJPY pared some of its gains after a minor pullback.It reached an intraday low of 206.88; now it is about 208.70.

 

Technicals

CMP -208.70

Trend

1-hour

Value

 

 

55 EMA

208.31

CMP >value

Bearish

200- EMA

208.97

CMP >value

Bearish

365- EMA

209.58

CMP >value

Bearish

 Major support- 208/207/205. Major resistance: 209/209.70/210.20/211.60/212.66/213/214/215.

 

Momentum indicator

Value

 

CCI(50)

Bullish

103.64

ADX

Neutral

 

 It is good to sell on rallies around 208.78-80 with SL around 209.70 for a TP of 207.

 

 

 

 

 

 

 

 

 

 

 

 

 

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