Board-based yen selling caused AUDJPY to leap over 80 pips from a modest low of 110.79. It hit an intraday high of 111.64 and is now trading at about 111.597.
|
Technicals |
CMP -111.59 |
Trend |
|
|
1-hour chart |
Value |
|
|
|
55 EMA |
111.56 |
CMP>value |
Bullish |
|
200- EMA |
111.48 |
CMP >value |
Bullish |
|
365- EMA |
111.63 |
CMP<Value |
Bearish |
|
800-H EMA |
112.08 |
CMP<Value |
Bearish |
Major support: 109.30/108/107.69.
Major resistance: 112/112.60/113/113.75/115.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Neutral |
|
|
ADX |
Neutral |
|
It is good to sell on rallies around 112 with SL around 113 for a TP of 110/109.30.
