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AUD/JPY Smashes Multi-Week Resistance at 114.73 After Prolonged Consolidation; Triple EMA Setup Targets 117

AUDJPY breaks multi-week resistance around 114.73 after a long consolidation.It reached an intraday high of 114.734  and is presently trading close to 114.71.

 

Technicals

CMP -114.71

Trend

4- Hour chart

Value

 

 

55 EMA

113.98

CMP>value

Bullish

200- EMA

113.42

CMP >value

Bullish

365- EMA

112.45

CMP>value

Bullish

 Major support- 114/113.38/112.80/112/111.80/110.

Major resistance-  115/116.25/117

Momentum indicator

Inference

Value

CCI(50)

Bullish

102

ADX

Neutral

 

 It is good to buy on dips around 113.85 with SL around 113 for a TP of 116.25/117.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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