AUDJPY trades in a narrow range between 114.73 and 114.27 for the past two days. It reached an intraday low of 113.27 and is presently trading close to 113.32.
|
Technicals |
CMP -114.56 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
114.23 |
CMP> value |
Bullish |
|
200- EMA |
113.77 |
CMP >value |
Bullish |
|
365- EMA |
113.58 |
CMP>value |
Bullish |
Major support- 112/111.80/110.
Major resistance- 113.50/114.40/115/116.25
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
105.54 |
|
ADX |
Neutral |
|
It is good to buy on dips around 114.28-30 with SL around 113.60 for a TP of 116.25.
