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108.50 Dip = Buying Opportunity? AUDJPY Poised for 110 Rebound

AUDJPY trades flat in past two days after a massive sell-off. At 108.65, it reaches an intraday low; it is now trading at about 108.69.

 

 

Technicals

CMP -108.69

Trend

1- Hour chart

Value

 

 

55 EMA

108.43

CMP> value

Bullish

200- EMA

108.68

CMP >value

Bullish

365- EMA

108.47

CMP < value

Bullish

 

Major support- 108/106.85/106.

Major resistance-  108.85/109.25/109.60/110/110.78/11.64/112.

 

Momentum indicator

Inference

Value

CCI(50)

Above zero line (bullish)

52.50

ADX

Neutral

 

 

It is good to buy on dips around 108.48-50 with SL around 107.65 for a TP of 110.

 

 

 

 

 

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