AUDJPY trades flat after a massive 450-pip sell-off due to a strong yen. It hit an intraday high of 111.01 and is currently trading near 110.61
|
Technicals |
CMP -110.61 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
111 |
CMP<value |
Bearish |
|
200- EMA |
112.11 |
CMP <value |
Bearish |
|
365- EMA |
112.60 |
CMP<Value |
Bearish |
|
800-H EMA |
112.83 |
CMP<Value |
Bearish |
Major support: 110/109.30/108/107.69.
Major resistance: 111.50/111.71/112/112.60/113/113.75/115.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Neutral |
|
|
ADX |
Neutral |
|
It is good to sell on rallies around 111, with SL around 112 for a TP of 108.
