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.
