GBPJPY trades above 214 on the strong pound sterling. It dropped to a low of 212.93 yesterday; now it is about 214.39.
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Technicals
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CMP -214.40
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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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214.29
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CMP >value
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Bullish
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200- EMA
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213.88
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CMP >value
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Bullish
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365- EMA
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213.31
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CMP >value
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Bullish
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Major support-213.80/213/212.60/212/211.30/210.40/209.80. Major resistance 214.50/215/215.60/ 216/217/218.
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Momentum indicator
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Value
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CCI(50)
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-32.63
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Bearish
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ADX
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Neutral
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It is good to buy on dips around 214 with SL around 213 for a TP of 217.
