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AUDJPY Extremely Bullish Above 113: Strong AUD Fuels Fresh Rally – Buy Dips at 113 Targeting 115 
FxWirePro: GBP/AUD loses momentum but outlook is bullish 
AUDJPY pared most of its gains on board-based Australian dollar weakness. It hits an intraday low of 110.83 and is now trading around 111.096
|
Technicals |
CMP -111.09 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
111.85 |
CMP< value |
Bearish |
|
200- EMA |
112.09 |
CMP >value |
Bearish |
|
365- EMA |
111.85 |
CMP>value |
Bearish |
Major support- 110.80/110.35/109.80.
Major resistance- 111.40/112/112.60/113/114/115/116.25
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-180.48 |
|
ADX |
Bearish |
Strength increased from 17.48 to 21.88 |
It is good to sell on rallies around 111.48-50, with SL at 112.10, for a TP of 110.
