GBPJPY holds above 217 on board-based Pound sterling buying. It reached an intraday high of 216.47; now it is about 217.23.
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Technicals
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CMP -217.237
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Trend
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1-hour
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Value
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55 EMA
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216.11
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CMP >value
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Bullish
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200- EMA
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215.65
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CMP >value
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Bullish
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365- EMA
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215.31
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CMP >value
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Bullish
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Major support- 216/215.35/214.70/213.75/213/212/211.60/210. Major resistance: 218/220.
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Momentum indicator
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Value
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CCI(50)
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117.45
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Bullish
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ADX
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Strength increased from 13.51 to 15.45
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Bullish
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It is good to buy on dips around 216.70-75 with SL around 21 for a TP of 217.
