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AUDJPY: Dip-Buy Setup Near 113.6 as Range Consolidates for a Push to 115

AUDJPY trades flat with a positive inclination. It reached an intraday high of 114.23 and is presently trading close to 114.22.

 

Technicals

CMP -114.21

Trend

1- Hour chart

Value

 

 

55 EMA

114.03

CMP< value

Bearish

200- EMA

113.51

CMP >value

Bullish

365- EMA

112.88

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

104.99

ADX

Neutral

 

 It is good to buy on dips around 113.58-60 with SL around 113 for a TP of 115.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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