AUDJPY trades below 112 after a minor pullback of more than 300 pips. It reached an intraday high of 112.50 and is currently trading around 112.39.
|
Technicals |
CMP -111.908 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
111.23 |
CMP>value |
Bullish |
|
200- EMA |
112.15 |
CMP <value |
Bearish |
|
365- EMA |
112.40 |
CMP<Value |
Bearish |
|
800-H EMA |
111.58 |
CMP>Value |
Bullish |
Major support- 109.30/108/107.69.
Major resistance: 112/112.60/113/113.75/115.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
186 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 112 with SL around 113 for a TP of 110/109.30.
