After a huge rise of more than 500 pips, AUDJPY is trading in a constrained range. Yesterday at around 114.29, it reached its high; today it is trading at around 114.05.
|
Technicals |
CMP -114.06 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
113.94 |
CMP< value |
Bearish |
|
200- EMA |
113.34 |
CMP >value |
Bullish |
|
365- EMA |
112.70 |
CMP>value |
Bullish |
Major support- 113.70/113/112.70/111.80/110.
Major resistance- 114.40/115/116.25
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
101.47 |
|
ADX |
Neutral |
|
It is good to buy on dips around 113 with SL around 111.80 for a TP of 115.
