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Bullish Resilience: AUDJPY Eyes Recovery After Massive Sell-Off

 

AUDJPY showed a minor pullback after a massive sell-off. It reached an low of 112.91 and is presently trading close to 113.32.

 

Technicals

CMP -113.75

Trend

1- Hour chart

Value

 

 

55 EMA

113.67

CMP> value

Bullish

200- EMA

113.47

CMP >value

Bullish

365- EMA

113.38

CMP>value

Bullish

 Major support- 113.40/112.80/112/111.80/110.

Major resistance-  113.50/114.40/115/116.25

Momentum indicator

Inference

Value

CCI(50)

Bullish

23.31

ADX

Neutral

 

 It is good to buy on dips around 113.48-50 with SL around 112.80 for a TP of 115.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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