AUDJPY has been moving upward, seemingly influenced by the recent easing in geopolitical tensions. It touched a peak around 112.36 during the day but has since settled closer to 111.71 in current trading.
|
Technicals |
CMP -111.71 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
110.96 |
CMP> value |
Bullish |
|
200- EMA |
110.49 |
CMP >value |
Bullish |
|
365- EMA |
110.61 |
CMP>value |
Bullish |
Major support- 109/108.
Major resistance- 110.95/111.40/112/112.60/113/114/115/116.25
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
146.34 |
|
ADX |
Neutral |
|
It is good to buy on dips around 110.98-111 with SL around 109.75 for a TP of 115.
