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AUDJPY Rally Fades: Broad-Based Aussie Weakness Triggers Bearish Sell-on-Rise Setup

AUDJPY pared some of its gains on board-based Australian dollar weakness. It hits an intraday high of 111.12 and is now trading around 110.459.

Technicals

CMP -110.62

Trend

1- Hour chart

Value

 

 

55 EMA

111.30

CMP< value

Bearish

200- EMA

111.84

CMP >value

Bearish

365- EMA

111.65

CMP>value

Bearish

 Major support- 110.35/109.80/109.

Major resistance-  111.40/112/112.60/113/114/115/116.25

Momentum indicator

Inference

Value

CCI(50)

Bearish

-71.45

ADX

Neutral

 

 It is good to sell on rallies around 111.48-50 with SL around 112.10 f0or a TP of 110.

 

 

 

 

 

 

 

 

 

 

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