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AUDJPY Extremely Bullish Above 113: Strong AUD Fuels Fresh Rally – Buy Dips at 113 Targeting 115

AUDJPY gained above 113 on a strong Australian dollar. It hits an intraday high of 113.34 and is now trading close to 113.29

Technicals

CMP -113.29

Trend

4- Hour chart

Value

 

 

55 EMA

112.41

CMP>value

Bullish

200- EMA

112.61

CMP >alue

Bullish

365- EMA

112.51

CMP>value

Bullish

800-H EMA

110.59

CMP>value

Bullish

 Major support-112.75/11240/112/111.50/ 110.80/110.

Major resistance-  113.56/114/115/116.25/117.

 

Momentum indicator

Inference

Value

CCI(50)

Bullish

194

ADX

Bullish

Strength increased from 13.37 to 17.12

 It is good to buy on dips around 113 with SL around 112.40 for a TP of 115.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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