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Bearish Pressure Mounts on NZDJPY: Technical Pullback Signals Strategic Sell Opportunity

 

AUDJPY indicated a little pullback as the Australian dollar improves. It hits an intraday high of 113.02  and is now trading around 112.75.

Technicals

CMP -112.75

Trend

1- Hour chart

Value

 

 

55 EMA

112.32

CMP >value

Bullish

200- EMA

112.03

CMP >value

Bullish

365- EMA

111.42

CMP>value

Bullish

 Major support- 111.40/110.80/110.35/109.80.

Major resistance-  113/114/115/116.25

Momentum indicator

Inference

Value

CCI(50)

Bullish

89

ADX

Neutral

 

 It is good to buy on dips around 112 with SL around 111.35 for a TP of 115.

 

 

 

 

 

 

 

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