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AUDJPY Extends Four-Day Rally as Yen Weakness Fuels Fresh Buying Opportunity

On board-based yen depreciation, AUDJPY is rising for four th straight days. Hit an intraday high of 114.48, it is presently trading near 114.31. Technicals CMP -114.31 Trend 1- Hour chart Value 55 EMA 114.10 CMP>value B…

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AUDJPY Extends Four-Day Rally as Yen Weakness Fuels Fresh Buying Opportunity
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On board-based yen depreciation, AUDJPY is rising for four th straight days. Hit an intraday high of 114.48, it is presently trading near 114.31.

Technicals

CMP -114.31

Trend

1- Hour chart

Value

 

 

55 EMA

114.10

CMP>value

Bullish

200- EMA

113.57

CMP >alue

Bullish

365- EMA

113.21

CMP>value

Bullish

800-H EMA

112.98

CMP>value

Bullish

 Major support-113.50/112.75/11240/112/111.50/ 110.80/110.

Major resistance-  114.50/115/116.25/117.

 

Momentum indicator

Inference

Value

CCI(50)

Bullish

114.15

ADX

Neutral

 

 It is good to buy on dips around 113.78-80 with SL around 113 for a TP of 117/118.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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