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AUD/JPY Dips Below 113: Key EMAs Hold Line for a Buy-on-Dip Setup

AUDJPY declined below 113 on board-based Australain dollar weakness. It his an intraday low of 112.51 and is currently trading near 112.62.

Technicals

CMP -112.62

Trend

1- Hour chart

Value

 

 

55 EMA

112.62

CMP>value

Bullish

200- EMA

112.64

CMP > value

Bullish

365- EMA

112.63

CMP>value

Bullish

800-H EMA

111.27

CMP>value

Bullish

  Major support- 112.60/112/111.40/110/109.30/108/107.69.

Major resistance-  114/115/116.

Momentum indicator

Inference

Value

CCI(50)

Bullish

35

ADX

Neutral

 

 It is good to buy on dips around 112.48-50 with SL around 112 for a TP of 115.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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