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Aussie-Yen Trapped Below 113: Sell the Bounce as Bears Reload for a Run at 110

AUDJPY trades below 113  holds above 113 on board-based yen weakness. It reached an intraday low of 112.06 and is presently trading close to 112.134.

 

Technicals

CMP -112.134

Trend

4- Hour chart

Value

 

 

55 EMA

113.12

CMP>value

Bullish

200- EMA

113.28

CMP <value

Bearish

365- EMA

112.75

CMP>value

Bullish

 Major support- 112/111.80/110.

Major resistance-  112.40/113/113.56/114/115/116.25/117

Momentum indicator

Inference

Value

CCI(50)

Bearish

-79

ADX

Bearish

Strength increased from 11.92 to 12.95

 It is good to sell on rallies around 112.38-40 with SL around 113 for a TP of 110.

 

 

 

 

 

 

 

 

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