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AUDJPY Bears Tighten Grip: Sell Rallies at 110.65-67 Targeting 107.75 as All EMAs Stay Red

AUDJPY trades flat after a massive decline of more than 400 pips the previous week. It hit a low of 109.37 yesterday and is now trading close to 109.87.

Technicals

CMP -109.87

Trend

1- Hour chart

Value

 

 

55 EMA

113.07

CMP<value

Bearish

200- EMA

113.10

CMP <alue

Bearish

365- EMA

112.87

CMP<value

Bearish

800-H EMA

111.11

CMP<value

Bearish

 Major support- 109.30/108/107.69.

Major resistance-  110.65/112/113.10/114.

 

Momentum indicator

Inference

Value

CCI(50)

Bearish

-267

ADX

Bearish

Strength increased from 32.99 to 43.18

 It is good to sell on rallies around 110.65-67, with an SL around 111.40, for a TP of 107.75.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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