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AUDJPY Pulls Back on Profit Booking: Buy Dips Toward 117/118

AUDJPY pared some of its gains due to profit booking. It hit an intraday low of 113.94 and is now trading close to 113.995..

Technicals

CMP -114

Trend

1- Hour chart

Value

 

 

55 EMA

113.96

CMP>value

Bullish

200- EMA

113.40

CMP >alue

Bullish

365- EMA

113.07

CMP>value

Bullish

800-H EMA

112.91

CMP>value

Bullish

 Major support-113.50/112.75/11240/112/111.50/ 110.80/110.

Major resistance-  114.40/115/116.25/117.

 

Momentum indicator

Inference

Value

CCI(50)

Bullish

10.15

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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