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AUDJPY: Range-Bound Action Amidst Mixed Technical Signals

AUDJPY has been consolidating in a narrow range between 111.99 and  111.24 for the past five days. It hits an intraday high of 111.62 and is now trading close to 111.55.

Technicals

CMP -111.562

Trend

1- Hour chart

Value

 

 

55 EMA

111.55

CMP> value

Bearish

200- EMA

112.04

CMP <value

Bearish

365- EMA

112.43

CMP<value

Bearish

 Major support- 110.80/110.

Major resistance-  111.80/112.40/113/113.56/114/115/116.25/117.

 

Momentum indicator

Inference

Value

CCI(50)

Bullish

27.29

ADX

Neutral

 

 It is good to sell on rallies around 111.68-70 with SL around 112.25 for a TP of 110.

 

 

 

 

 

 

 

 

 

 

 

 

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