Having formed a double bottom close 107.70, AUDJPY showed a decent pullback as profit booking caused a small decline of yen. At 108.65, it reaches an intraday peak; it is now trading at about 108.65.
|
Technicals |
CMP -108.65 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
108.51 |
CMP > value |
Bullish |
|
200- EMA |
108.85 |
CMP < value |
Bearish |
|
365- EMA |
108.49 |
CMP > value |
Bullish |
Major support- 108/106.85/106.
Major resistance- 109.25/109.60/110/110.78/11.64/112.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Above zero line (bullish) |
24.55 |
|
ADX |
Neutral |
|
It is good to buy above 108.85 with SL around 108 for a TP of 110.78/111.60.
