GBPJPY holds above 215 on board-based Pound sterling buying. Today it hits an intraday high of 215.70; now it is trading at about 215.59
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Technicals
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CMP -215.58
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Trend
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4- Hour chart
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Value
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55 EMA
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213.14
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CMP >value
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Bullish
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200- EMA
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212.01
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CMP >value
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Bullish
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365- EMA
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211.23
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CMP >value
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Bullish
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Major support- 214.25/213.20/212.30/211.80/211.30/210.40/209.48/208. Major resistance 216/218/219.25.
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Momentum indicator
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Inference
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Value
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CCI(50)
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Bullish
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144.36
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ADX
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Bullish
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Strength increased from 48.42 to 51.48
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It is good to buy on dips around 214.78-80, with an SL around 213.80, for a TP of 217.
