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AUDJPY Surges Above 112.50 on Aussie Momentum – Bullish EMAs Flash Green but Sell Rallies into 111.30

AUDJPY gained above 112.50 as Australian dollar gained momentum. It hits an intraday high of of 112.714 and is now trading close to 112.644.

Technicals

CMP -112.65

Trend

1- Hour chart

Value

 

 

55 EMA

112.46

CMP>value

Bullish

200- EMA

112.37

CMP >alue

Bullish

365- EMA

112.38

CMP>value

Bullish

800-H EMA

112.60

CMP>value

Bullish

 Major support-111.50/ 110.80/110.

Major resistance-  112.75/113/113.56/114/115/116.25/117.

 

Momentum indicator

Inference

Value

CCI(50)

Bullish

192

ADX

Neutral

 

 It is good to sell on rallies around 112.-78-80, with an SL around 113.40, for a TP of 111.30

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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