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Pound Sterling Power: GBP/JPY Secures Third Day of Gains as Global Risk Tensions Recede

GBPJPY trades higher for the third consecutive day on board-based buying of the Pound sterling. Today it hits an intraday high of 213.15; now it is trading at about 212.89.

 

Technicals

CMP -213

Trend

4- Hour chart

Value

 

 

55 EMA

211.52

CMP >value

Bullish

200- EMA

211.40

CMP >value

Bullish

365- EMA

210.79

CMP >value

Bullish

 Major support-  212.30/211.80/211.30/210.40/209.48/208. Major resistance 213.31/214.50/215.

 

Momentum indicator

Inference

Value

CCI(50)

Bullish

143.77

ADX

Neutral

Strength increased from 19.83 to 26.26

 

It is good to buy on dips around 212.28-30 with SL around 211.30 for a TP of 215.

 

 

 

 

 

 

 

 

 

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