AUDJPY holds above 110 on a weak yen. It hit an intraday high of 110.62 and is now trading at about 110.14.
|
Technicals |
CMP -110.46 |
Trend |
|
|
4-hour chart |
Value |
|
|
|
55 EMA |
110.09 |
CMP>value |
Bullish |
|
200- EMA |
110.14 |
CMP >value |
Bullish |
|
365- EMA |
110.42 |
CMP>Value |
Bullish |
|
800-H EMA |
111.12 |
CMP<Value |
Bearish |
Major support- 108.80/107.69/107.
Major resistance: 110.70/111/112/112.60/113/113.75/115.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
194 |
|
ADX |
Neutral |
|
It is good to buy on dips around 110.28-30 with SL around 109.80 for a TP of 112.
