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AUDJPY: Bearish Below 110 — Sell Rallies for a Potential Move to 108

AUDJPY trades below 110 level on board-based Australian dollar weakness. It hit an intraday low of 109.71 and is now trading about 109.75.

Technicals

CMP -109.75

Trend

1- Hour chart

Value

 

 

55 EMA

110.07

CMP<value

Bearish

200- EMA

110.15

CMP <value

Bearish

365- EMA

110.46

CMP<Value

Bearish

800-H EMA

111.17

CMP<Value

Bearish

  Major support- 109.50/108.80/107.69/107.

Major resistance: 110.65/111/112/112.60/113/113.75/115.

Momentum indicator

Inference

Value

CCI(50)

Bearish

-86.20

ADX

Neutral

Strength increased from 36.38 to 37.68

 It is good to good to sell on rallies around 110  with SL around 110.70 for a TP of  108.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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