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AUDJPY Holds Firm Above 112 on Broad Yen Weakness: Buy Dips Toward 115

AUDJPY holds above 112 on board-based yen weakness. It hit an intraday high of 112.45 and is currently trading near 112.43.

Technicals

CMP -112.43

Trend

1- Hour chart

Value

 

 

55 EMA

111.96

CMP>value

Bullish

200- EMA

111.87

CMP >alue

Bullish

365- EMA

112.21

CMP<value

Bearish

800-H EMA

112.57

CMP>value

Bullish

  Major support- 111.40/110/109.30/108/107.69.

Major resistance-  113.10/114/115.

Momentum indicator

Inference

Value

CCI(50)

Bullish

81.62

ADX

Neutral

 

 It is good to buy on dips around 112 with SL around 110.80 for a TP of 115.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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