As negotiations between the US and Iran fall through, AUDJPY cuts some of its gains. Yesterday, it reached its highest point around 112.86; today, it is currently trading at roughly 112.46.
|
Technicals |
CMP -112.46 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
112.31 |
CMP> value |
Bullish |
|
200- EMA |
111.45 |
CMP >value |
Bullish |
|
365- EMA |
111.18 |
CMP>value |
Bullish |
Major support- 109/108.
Major resistance- 112/112.60/113/114/115/116.25
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Neutral |
153.43 |
|
ADX |
Neutral |
|
It is good to buy on dips around 112 with SL around 111.30 for a TP of 115.
