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AUDJPY Spring-Loaded: Triple EMA Bullish Trifecta Targets 116 Breakout

AUDJPY is consolidating in a narrow range between 114.73 and 112.63 for the past one week. It reached an intraday high of 113.92 and is presently trading close to 113.83.

 

Technicals

CMP -113.83

Trend

1- Hour chart

Value

 

 

55 EMA

113.57

CMP>value

Bullish

200- EMA

113.56

CMP >value

Bullish

365- EMA

113.54

CMP>value

Bullish

 Major support- 113/112/111.80/110.

Major resistance-  114/114.40/115/116.25

Momentum indicator

Inference

Value

CCI(50)

Bullish

156.89

ADX

Neutral

 

 It is good to good to buy on dips around 113.50 with SL around 112.48 for a TP of 116.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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