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AUDJPY Consolidates Near Highs: A Bullish Setup for Further Gains

AUDJPY trades flat after a nice pullback. It his an high of 114.16 and is currently trading near 114. Technicals CMP -114 Trend 1- Hour chart Value 55 EMA 113.02 CMP>value Bullish 200- EMA 112.76 CMP > value Bullish 365-…

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AUDJPY Consolidates Near Highs: A Bullish Setup for Further Gains
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AUDJPY trades flat after a nice pullback. It his an high of 114.16 and is currently trading near 114.

Technicals

CMP -114

Trend

1- Hour chart

Value

 

 

55 EMA

113.02

CMP>value

Bullish

200- EMA

112.76

CMP > value

Bullish

365- EMA

112.70

CMP>value

Bullish

800-H EMA

111.37

CMP>value

Bullish

  Major support- 113/112.60/112/111.40/110/109.30/108/107.69.

Major resistance-  114.20/115/116.

Momentum indicator

Inference

Value

CCI(50)

Bullish

146.96

ADX

 

Strength increased from 25.06 to 26.85

 It is good to buy on dips around 113.48-50 with SL around 112 for a TP of 115.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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