AUDJPY is consolidating in a narrow range after a massive sell-off. It reached an intraday high of 113.41 and is presently trading close to 113.386.
|
Technicals |
CMP -113.42 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
113.18 |
CMP> value |
Bullish |
|
200- EMA |
113.34 |
CMP <value |
Bearish |
|
365- EMA |
113.29 |
CMP<value |
Bearish |
Major support- 112/111.80/110.
Major resistance- 113.50/114.40/115/116.25
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
27.58 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 113.48-50 with SL around 114.41 for a TP of 110.
