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Buy the Dip? AUDJPY Holds Trendline Support Near 112

AUDJPY took support near the trend line and showed a minor pullback. It has an intraday low of 112.21 and is currently trading near 112.35.

Technicals

CMP -112.35

Trend

1- Hour chart

Value

 

 

55 EMA

112.42

CMP<value

Bearish

200- EMA

112.40

CMP < value

Bearish

365- EMA

112.23

CMP>value

Bullish

800-H EMA

112.10

CMP>value

Bullish

  Major support- 111.40/110/109.30/108/107.69.

Major resistance-  113.10/114/115.

Momentum indicator

Inference

Value

CCI(50)

Bearish

-70

ADX

Neutral

 

 It is good to buy on dips around 112 with SL around 110.80 for a TP of 115.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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