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AUDJPY Weakness Deepens: Sell Rallies Toward 112 as Aussie Dollar Falters

AUDJPY pared most of its gains on board-based Australian dollar weakness. It hit an intraday low of 114.02 and is now trading close to 114.21. Technicals CMP -114.21 Trend 1- Hour chart Value 55 EMA 114.39 CMP<value Bear…

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AUDJPY Weakness Deepens: Sell Rallies Toward 112 as Aussie Dollar Falters
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AUDJPY pared most of its gains on board-based Australian dollar weakness. It hit an intraday low of 114.02 and is now trading close to 114.21.

Technicals

CMP -114.21

Trend

1- Hour chart

Value

 

 

55 EMA

114.39

CMP<value

Bearish

200- EMA

113.97

CMP >alue

Bullish

365- EMA

113.57

CMP>value

Bullish

800-H EMA

113.20

CMP>value

Bullish

 Major support-114/113.50/112.75/11240/112/111.50/ 110.80/110.

Major resistance-  114.70/115/116.25/117.

 

Momentum indicator

Inference

Value

CCI(50)

Bearish

-337

ADX

Neutral

 

 It is good to sell on rallies around 114.28-30, with an SL around 115, for a TP of 112.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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