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AUDJPY Trades in Narrow Range, Bearish Indicators Suggest Selling on Rallies

AUDJPY  trades in a narrow range between 111.50 and 110.27 for the past three days. It hit a low of 110.22 and is currently trading near 110.45.

Technicals

CMP -110.45

Trend

4- Hour chart

Value

 

 

55 EMA

111.89

CMP<value

Bearish

200- EMA

112.69

CMP <value

Bearish

365- EMA

112.73

CMP<Value

Bearish

800-H EMA

111.65

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)

Bearish

-91.01

ADX

Neutral

 

 It is good to sell on rallies around 110.78-80 with SL around 111.50 for a TP of 108.

 

 

 

 

 

 

 

 

 

 

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