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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
