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AUD/JPY Range-Bound Below 110: Sellers Eye Recovery Rallies as Downward Trend Persists

AUDJPY has traded in a narrow range between 110.13 and 108.69 for the past three days. It hit a low of 108.89 and is now trading at about 109. 83

Technicals

CMP -109.54

Trend

4-hour chart

Value

 

 

55 EMA

110.21

CMP<value

Bearish

200- EMA

111.37

CMP <value

Bearish

365- EMA

111.86

CMP<Value

Bearish

800-H EMA

111.44

CMP<Value

Bearish

  Major support- 108.80/107.69/107.

Major resistance: 110/111/112/112.60/113/113.75/115.

Momentum indicator

Inference

Value

CCI(50)

Bearish

-68

ADX

Neutral

 

 It is good to sell on rallies around 110.23-25 with SL around 111 for a TP of 109.30/108.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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