GBPJPY has declined once again after a minor jump above 211. It is now trading around 209.66 after reaching an intraday low of 209.57.
|
Technicals |
CMP -209.57 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
210.22 |
CMP <value |
Bearish |
|
200- EMA |
210.44 |
CMP < value |
Bearish |
|
365- EMA |
210.19 |
CMP <value |
Bearish |
Major support- 209.35/208. Major resistance - 212/213.15/214.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Neutral |
|
|
ADX |
Neutral |
|
It is good to sell on rallies around 210.28-30 with SL around 211.35 for a TP of 207.60


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