Sell the Bounce Alert: ETH ~$1,976 with Bearish EMAs — Asian Wrap Confirms No Rebound, $1,500 in Play 
FxWirePro: USD/ZAR gains some ground but outlook still bearish 
FxWirePro : GBP/NZD hovers around 2.2575 downtrend looks likely to resume 
FxWirePro: GBP/USD retreats slightly but trend is still bullish 
FxWirePro: GBP/AUD recovers slightly, upside limited 
FxWirePro: NZD/USD edges lower ahead of key RBNZ policy decision 
FxWirePro: NZD/USD bulls lose traction, cannot add to overnight gains 
FxWirePro: EUR/NZD downside pressure builds, key support level in focus 
FxWirePro: USD/JPY gains as yen weakens on soft Japan’s Q4 GDP data 
AUDJPY Bears Regroup: Sell Rallies as Trendline Bounce Fades 
FxWirePro: EUR/AUD neutral in the near term, scope for further downside 
NZDJPY on the Edge: Sell the Bounce as Bears Regroup Below Key EMAs 
FxWirePro: USD/CAD inches higher, set to stay on back foot 
FxWirePro: USD/CAD inches higher, set to stay on back foot 
FxWirePro: USD/JPY recovers from two-week low , upside limited 
The GBPJPY pair trades flat between 207.23 and 209.64 for past one week. It hits an intraday low of 208.22 and is currently trading around 209.174.
|
Technicals |
CMP -209.11 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
208.85 |
CMP > value |
Bullish |
|
200- EMA |
209.27 |
CMP < value |
Bearish |
|
365- EMA |
209.97 |
CMP < value |
Bearish |
Major support- 207.50/206.75/205. Major resistance - 209.20/209.60/210/212/214
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
above zero line (slightly bullish) |
51.38 |
|
ADX |
Neutral |
|
It is good to buy on dips around 208.68-70 with SL around 207.65 for a TP of 214
