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AUD/JPY Technical Outlook: Sell-on-Rally Setup Targeted Toward 109.30

AUDJPY pared some of its gains on board-based Australian dollar selling. hit an intraday low of 110.83 and is now trading about 111.01.

Technicals

CMP -110.01

Trend

1- Hour chart

Value

 

 

55 EMA

111.10

CMP<value

Bearish

200- EMA

111.865

CMP <value

Bearish

365- EMA

112.19

CMP<Value

Bearish

800-H EMA

111.55

CMP<Value

Bearish

  Major support- 109.30/108/107.69.

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

Momentum indicator

Inference

Value

CCI(50)

Bearish

-138

ADX

Bearish

Strength increased from 19.01 ro 25

 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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