GBPJPY Bullish Bias Stays Strong: Buy the 217 Dip, Target 220 
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FxWirePro- Woodies pivot (Major) 
GBPJPY trades in a narrow range with a neutral bias. It hits an intraday high of 217.08; now it is about 217.03.
|
Technicals |
CMP -217.03 |
Trend |
|
|
60-min |
Value |
|
|
|
55 EMA |
216.96 |
CMP >value |
Bullish |
|
200- EMA |
216.52 |
CMP >value |
Bullish |
|
365- EMA |
215.91 |
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) |
46.25 |
Bullish |
|
ADX |
|
Neutral |
It is good to buy on dips around 217 with SL around 216 for a TP of 220..
