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Yen Strength Overshadows the Aussie: AUDJPY Faces Steep Resistance at 113.50

 

AUDJPY lost its shine as the yen gained momentum. It reached a low of 112.36 and is presently trading close to 113.26.

 

Technicals

CMP -113.26

Trend

1- Hour chart

Value

 

 

55 EMA

113.18

CMP> value

Bullish

200- EMA

113.39

CMP <value

Bearish

365- EMA

113.30

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

56.57

ADX

Neutral

 

 It is good to sell on rallies around 113.48-50 with SL around 114.41 for a TP of 110.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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