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AUDJPY Pullback Intensifies: Resistance at 110.00 Signals Short Opportunity

AUDJPY pared some of its gains after a minor pullback. It hits an intraday high of 109.99 and is now trading around 109.53. Technicals CMP -109.59 Trend 1- Hour chart Value 55 EMA 109.61 CMP< value Bearish 200- EMA 110.3…

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AUDJPY Pullback Intensifies: Resistance at 110.00 Signals Short Opportunity
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AUDJPY pared some of its gains after a minor pullback. It hits an intraday high of 109.99 and is now trading around 109.53.

Technicals

CMP -109.59

Trend

1- Hour chart

Value

 

 

55 EMA

109.61

CMP< value

Bearish

200- EMA

110.37

CMP <value

Bearish

365- EMA

110.75

CMP<value

Bearish

 Major support- 109/108.

Major resistance-  110/110.95/111.40/112/112.60/113/114/115/116.25

Momentum indicator

Inference

Value

CCI(50)

Bullish

71.95

ADX

Neutral

 

 It is good to sell on rallies around 110 with SL around 111 for a TP of 108.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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