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AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118

AUDJPY is trading higher for the 4th consecutive day on broad-based yen weakness. It hit an intraday high of 114.48 and is now trading close to 114.31.

Technicals

CMP -114.31

Trend

1- Hour chart

Value

 

 

55 EMA

113.64

CMP>value

Bullish

200- EMA

113.04

CMP >alue

Bullish

365- EMA

112.78

CMP>value

Bullish

800-H EMA

110.90

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

97

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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