GBPJPY trades weak on board-based pound sterling weakness. Today it hits an intraday low of 210.46; now it is trading at about 212.73.
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Technicals
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CMP -212.73
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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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214.50
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CMP >value
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Bullish
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200- EMA
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213.58
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CMP >value
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Bullish
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365- EMA
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212.61
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CMP >value
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Bullish
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Major support- 212.30/211.80/211.30/210.40. Major resistance 213.55/214.50/ 216/217/218.
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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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Bearish
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-138.90
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ADX
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Neutral
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It is good to buy on dips around 215 with SL around 214 for a TP of 217.
