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Aussie-Yen Pulls Back to 114 — But Bulls See a Dip-Buying Run to 117

For the second day running, AUDJPY is trading low as the Australian dollar slows down. On Monday, it peaked at 114.91; right now, it is trading close to 113.98.

 

Technicals

CMP -113.98

Trend

4- Hour chart

Value

 

 

55 EMA

114.13

CMP<value

Bearish

200- EMA

113.54

CMP >value

Bullish

365- EMA

112.59

CMP>value

Bullish

 Major support- 113.80/113.38/112.80/112/111.80/110.

Major resistance-  115/116.25/117

Momentum indicator

Inference

Value

CCI(50)

Bearish

-38.35

ADX

Bearish

Strength increased from 11.95 to 20.03

 It is good to good to buy on dips around 113.85 with SL around 113 for a TP of 116.25/117.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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