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AUDJPY Ready to Rocket — Grab Dips Near 109, Target 112 Handle

AUDJPY declined more than pips after hitting a temporary top around 110.08. At 108.99, it reaches an low of 108.99 yesterday; it is now trading at about 109.37.

 

Technicals

CMP -109.63

Trend

1- Hour chart

Value

 

 

55 EMA

109.33

CMP>value

Bullish

200- EMA

109.02

CMP >value

Bullish

365- EMA

108.75

CMP < value

Bullish

 

Major support- 108.80/108.50/107.65/106.85/106.

Major resistance-  109.60/110/110.78/111.64/112.

 

Momentum indicator

Inference

Value

CCI(50)

below zero line (bearish)

-21.41

ADX

Neutral

 

 

It is good to buy on dips around 109 with SL around 108 for a TP of 111.64/112.

 

 

 

 

 

 

 

 

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