AUDJPY rises for the fifth straight day as the yen loses steam. Yesterday it peaked at 114.91, and right now it is trading close to 114.807.
|
Technicals |
CMP -114.807 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
114.08 |
CMP>value |
Bullish |
|
200- EMA |
113.48 |
CMP >value |
Bullish |
|
365- EMA |
112.50 |
CMP>value |
Bullish |
Major support- 114.35/114/113.38/112.80/112/111.80/110.
Major resistance- 115/116.25/117
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
172.51 |
|
ADX |
Neutral |
|
It is good to good to buy on dips around 113.85 with SL around 113 for a TP of 116.25/117.
