GBPJPY Surges Past Trendline Resistance, Signaling Bullish Momentum 
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AUDJPY breaks multi-week resistance around 114.73 after a long consolidation.It reached an intraday high of 114.734 and is presently trading close to 114.71.
|
Technicals |
CMP -114.71 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
113.98 |
CMP>value |
Bullish |
|
200- EMA |
113.42 |
CMP >value |
Bullish |
|
365- EMA |
112.45 |
CMP>value |
Bullish |
Major support- 114/113.38/112.80/112/111.80/110.
Major resistance- 115/116.25/117
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
102 |
|
ADX |
Neutral |
|
It is good to buy on dips around 113.85 with SL around 113 for a TP of 116.25/117.
