AUDJPY showed a minor pullback after a sell-off of more than 250 pips. It hit a low of 111.16 and is now trading around 112.04.
|
Technicals |
CMP -112.04 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
112.19 |
CMP< value |
Bearish |
|
200- EMA |
112.206 |
CMP >value |
Bearish |
|
365- EMA |
111.75 |
CMP<value |
Bullish |
Major support- 111.40/110.80/110.35/109.80.
Major resistance- 112.60/113/114/115/116.25
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-85.89 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 112.48-50 with SL around 113.20 for a TP of 110
