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AUDJPY Trapped in Narrow Range: Bearish Technicals Suggest Downside Risk 
AUDJPY showed a little retracement after finding support close to the 200-hour moving average. Yesterday at about 113.747, it reached its peak; it is presently trading at almost 113.674.
|
Technicals |
CMP -113.66 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
113.78 |
CMP< value |
Bearish |
|
200- EMA |
112.98 |
CMP >value |
Bullish |
|
365- EMA |
112.33 |
CMP>value |
Bullish |
Major support- 112.70/111.80/110.
Major resistance- 114.40/115/116.25
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
-88.14 |
|
ADX |
Neutral |
|
It is good to buy on dips around 113 with SL around 111.80 for a TP of 115.
