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AUDJPY Bullish Momentum Pauses: Profit Booking Offers Fresh Entry Window Near 112.50

AUDJPY pared some of its gains due to profit booking.It reached an high of 113.95 yesterday and is presently trading at about 113.35.

 

Technicals

CMP -113.35

Trend

1- Hour chart

Value

 

 

55 EMA

112.92

CMP >value

Bullish

200- EMA

111.70

CMP> value

Bullish

365- EMA

111.02

CMP> value

Bullish

 

Major support- 112.90/112.20/111.40/110.80/110.35/109.80.

Major resistance-  114/115/116.25

Momentum indicator

Inference

Value

CCI(50)

Bullish

35.80

ADX

Neutral

 

 It is good to buy on dips around 112.48-50 with SL around 111.40 for a TP of 115.

 

 

 

 

 

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