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AUD/JPY Dips After Rally — Smart Buyers Loading Up at 109?

AUDJPY pared some of its gains as Australian dollar lost its shine. At 108.87, it reaches an intraday low; it is now trading at about 109.05. Technicals CMP -109.05 Trend 1- Hour chart Value 55 EMA 109.06 CMP< value Bear…

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AUD/JPY Dips After Rally — Smart Buyers Loading Up at 109?
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AUDJPY pared some of its gains as Australian dollar lost its shine. At 108.87, it reaches an intraday low; it is now trading at about 109.05.

 

 

Technicals

CMP -109.05

Trend

1- Hour chart

Value

 

 

55 EMA

109.06

CMP< value

Bearish

200- EMA

108.85

CMP >value

Bullish

365- EMA

108.619

CMP < value

Bullish

 

Major support- 108.80/108.50/107.65/106.85/106.

Major resistance-  109.25/109.60/110/110.78/111.64/112.

 

Momentum indicator

Inference

Value

CCI(50)

below zero line (bearish)

-21.41

ADX

Neutral

 

 

It is good to buy on dips around 109, with an SL of 108, for a TP of 111.64/112.

 

 

 

 

 

 

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