GBPJPY is consolidating in a narrow range after forming a temporary top around 218. It hit an intraday high of 217.45; now it is about 217.43.
|
Technicals |
CMP -217.43 |
Trend |
|
|
4-hour |
Value |
|
|
|
55 EMA |
216.52 |
CMP >value |
Bullish |
|
200- EMA |
215.18 |
CMP >value |
Bullish |
|
365- EMA |
214.45 |
CMP >value |
Bullish |
Major support- 216.40/215.80/215/214.35/213.60/213/212.35/212. Major resistance 218/220.
|
Momentum indicator |
Value |
|
|
CCI(50) |
54.26 |
Bullish |
|
ADX |
|
Neutral |
It is good to buy on dips around 217 with SL around 216 for a TP of 220.


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