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EURJPY Bears Hold the Line: Sell Rallies Below 183 as Trendline Support Tested 
After an extended consolidation, the GBPJPY pair breaks the important resistance of 210. Currently trading at 210.29, it has an intraday high of 210.73.
|
Technicals |
CMP -210.29 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
209.30 |
CMP > value |
Bullish |
|
200- EMA |
210.34 |
CMP >value |
Bullish |
|
365- EMA |
209.45 |
CMP >value |
Bullish |
Major support- 207.50/206.75/205. Major resistance - 210.75/211.60/212/214
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
above zero line (slightly bullish) |
342 |
|
ADX |
Bullish |
Strength increased from 14.44 to 16.40 |
It is good to buy on dips around 210 with SL around 207.65 for a TP of 214
