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AUD/JPY Blasts to Fresh Monthly High — Yen Weakness Fuels Bull Run Toward 112

AUDJPY hits a fresh month high on board-based yen weakness. It reached an intraday high of 110.88 and is now trading at about 110.84.

 

Technicals

CMP -110.84

Trend

1- Hour chart

Value

 

 

55 EMA

109.83

CMP< value

Bullish

200- EMA

109.31

CMP< value

Bullish

365- EMA

108.99

CMP < value

Bullish

 

Major support- 110.35/109.80/108.95/108.50/107.65/106.85/106.

Major resistance-  110.30/110.78/111.64/112.

 

Momentum indicator

Inference

Value

CCI(50)

Above zero line (bullish)

169.91

ADX

Bullish

Strength increased from21.08  to 34

 

It is good to buy on dips around 110 with SL around 109 for a TP of 112.

 

 

 

 

 

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