AUDJPY lost its shine on board-based yen weakness. At 107.92, it reaches an intraday low; it is now trading at about 108.05.
|
Technicals |
CMP -108.05 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
108.49 |
CMP < value |
Bearish |
|
200- EMA |
108.85 |
CMP < value |
Bearish |
|
365- EMA |
108.49 |
CMP < value |
Bearish |
Major support- 108/106.85/106.
Major resistance- 109.25/109.60/110/110.78/11.64/112.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Below zero line (bearish) |
-69.65 |
|
ADX |
Bearish |
Increased from 16.25 to 17.73 |
It is good to sell on rallies around 108.28-30 with SL around 108.85 for a TP of 106.
