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AUD/JPY Dead-Cat Bounce Halted by EMA Wall; Sell-on-Rise Eyes 110.50 Target

AUDJPY made a little comeback over 113 as the Australian dollar displayed a small decline. Yesterday it touched a low of 112.56, and currently it is trading around 113.03.

 

Technicals

CMP -113.03

Trend

4- Hour chart

Value

 

 

55 EMA

113.73

CMP<value

Bearish

200- EMA

113.52

CMP <value

Bearish

365- EMA

112.67

CMP<value

Bearish

 Major support- 112.50/112/111.80/110.

Major resistance-  113.20/113.56/114/115/116.25/117

Momentum indicator

Inference

Value

CCI(50)

Bearish

-128.37

ADX

Neutral

Strength increased from 26.12 to 36.81

 It is good to good to sell  on rallies around 113.28-30 with SL around 114 for a TP of 110.50.

 

 

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