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Aussie Consolidates After Peak: AUDJPY Bulls Eye a Strategic Entry for the 115.00 Target

AUDJPY is consolidating in a narrow range after a nice pullback. It reached a peak of 112.36 yesterday and is currently trading at 111.69. Technicals CMP -111.73 Trend 1- Hour chart Value 55 EMA 111.41 CMP> value Bullish…

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Aussie Consolidates After Peak: AUDJPY Bulls Eye a Strategic Entry for the 115.00 Target
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AUDJPY is consolidating in a narrow range after a nice pullback. It reached a peak of 112.36 yesterday and is currently trading at 111.69.

Technicals

CMP -111.73

Trend

1- Hour chart

Value

 

 

55 EMA

111.41

CMP> value

Bullish

200- EMA

110.76

CMP >value

Bullish

365- EMA

110.75

CMP>value

Bullish

 Major support- 109/108.

Major resistance-  112/112.60/113/114/115/116.25

Momentum indicator

Inference

Value

CCI(50)

Bullish

47.51

ADX

Neutral

 

 It is good to buy on dips around 110.98-111 with SL around 109.75 for a TP of 115.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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