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Aussie Resilience: AUDJPY Defies 250-Pip Sell-Off to Defend the 110.50 Stronghold

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.

 

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