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AUDJPY Bears Poised: Sell Rallies at 111.55 for 108 Target with 112.20 Stop

 AUDJPY has been consolidating in a narrow range between 111.51 and 110.84 for the past two days. It hit an intraday high of 111.51 and is currently trading near 1

Technicals

CMP -111.12

Trend

1- Hour chart

Value

 

 

55 EMA

111.23

CMP<value

Bearish

200- EMA

111.81

CMP <alue

Bearish

365- EMA

112.30

CMP<value

Bearish

800-H EMA

111.12

CMP>value

Bullish

  Major support- 109.30/108/107.69.

Major resistance-  111.40/112/113.10/114.

Momentum indicator

Inference

Value

CCI(50)

Bullish

128.35

ADX

Neutral

 

 It is good to sell on rallies around 111.50-55 with SL around 112.20 for a TP of 108.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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