Following a small sell-off of over 250 pips, AUDJPY maintains above 110.50. Having dropped to an intraday low of 109.50, it is presently trading at around 110.62.
|
Technicals |
CMP -110.58 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
110.90 |
CMP <value |
Bearish |
|
200- EMA |
110.50 |
CMP> value |
Bullish |
|
365- EMA |
109.97 |
CMP> value |
Bullish |
Major support- 110.35/109.80/109.50/108.95/108.50/107.65.
Major resistance- 111.15/112.10/113
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-65.43 |
|
ADX |
Neutral |
|
It is good to buy on dips around 110.25-30 with SL around 109.50 for a TP of 112.
