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Aussie Slide: AUDJPY Plummets 200 Pips as Bearish Momentum Takes the Reins

 

From temporary top 113.95, AUDJPY dropped over 200 pips as the Australian currency gained weight. It fell to 111.49 and is presently trading close to 111.76.

 

 

 

 

Technicals

CMP -111.76

Trend

1- Hour chart

Value

 

 

55 EMA

112.25

CMP <value

Bearish

200- EMA

111.92

CMP <value

Bearish

365- EMA

111.31

CMP<value

Bearish

 

Major support- 111.40/110.80/110.35/109.80.

Major resistance-  112.35/113/114/115/116.25

Momentum indicator

Inference

Value

CCI(50)

Bearish

-88.31

ADX

Neutral

 

 It is good to sell on rallies around 112.28-30 with SL around 112.85 for a TP of 10

 

 

 

 

 

 

 

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