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Aussie vs. Yen: AUDJPY Holds Critical Support Amid Minor Retracement

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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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