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Trades in GBPJPY show flat with a favorable bias. After reaching an intraday high of 210.99, it is now trading at about 210.548.
|
Technicals |
CMP -210.54 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
210.25 |
CMP> value |
Bullish |
|
200- EMA |
210.18 |
CMP >value |
Bullish |
|
365- EMA |
210.20 |
CMP >value |
Bullish |
Major support- 210/209.48/208. Major resistance - 212/213.15/214
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
121.89 |
|
ADX |
Neutral |
|
It is good to buy on dips around 209.68-70 with SL around 208.80 for a TP of 212.
