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GBPJPY Takes a Breather at 215 After Three-Week Rampage; Bulls Reload for 216–217

GBPJPY showed a minor profit-booking after three weeks of a bullish trend.  It reached a high of  215.52 yesterday; presently, it is around 215.33.

 

Technicals

CMP -215.33

Trend

4- Hour chart

Value

 

 

55 EMA

214.24

CMP >value

Bullish

200- EMA

213.72

CMP >value

Bullish

365- EMA

213.13

CMP >value

Bullish

 Major support-212.60/212/211.30/210.40/209.80/209. Major resistance 215.60/ 216/217/218.

 

Momentum indicator

Value

 

CCI(50)

186.06

Bullish

ADX

Neutral

Strength increased from 17.67 to 19.81

 It is good to buy on dips around 214, with an SL around 213, for a TP of 216/217.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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