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GBPJPY Consolidates Above 215 on Bullish Momentum: Buy Dips Toward 217
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GBPJPY is consolidating after a minor jump above 215.It reached an high of 215.26; now it is about 215.01.
Technicals CMP -215.01 Trend 1-hour Value 55 EMA 214.19 CMP >value Bullish 200- EMA 214.01 CMP >value Bullish 365- EMA 214.76 CMP >value BullishMajor support- 214.70/213.75/213/212/211.60/210.
Major resistance: 215.25/216.35/217/218.
Momentum indicator Value CCI(50) 80.76 Bullish ADX NeutralIt is good to buy on dips around 214.58-60 with SL around 213.60 for a TP of 217.