Following a retreat of over 100 pips from modest bottom 109.66, AUDJPY exhibited a little off-sell. It hit an intraday high of 110.79 and is now trading around 110.47.
|
Technicals |
CMP -110.47 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
110.46 |
CMP>value |
Bullish |
|
200- EMA |
111.06 |
CMP <value |
Bearish |
|
365- EMA |
111.71 |
CMP<Value |
Bearish |
|
800-H EMA |
112.32 |
CMP<Value |
Bearish |
Major support- 109.30/108/107.69.
Major resistance: 111/111.50/111.71/112/112.60/113/113.75/115.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
51.08 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 110.78-80 with SL around 111.50 for a TP of 108.
