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AUD/JPY Technical Outlook: Fading the 100-Pip Rally Near 110.25 Resistance

AUDJPY gained more than 100 pips as the yen lost momentum. It hit a low of 108.89 and is now trading at about 109. 83

Technicals

CMP -109.48

Trend

1-hour chart

Value

 

 

55 EMA

109.79

CMP>value

Bullish

200- EMA

110.51

CMP <value

Bearish

365- EMA

110.94

CMP<Value

Bearish

800-H EMA

111.61

CMP<Value

Bearish

  Major support- 108.80/107.69/107.

Major resistance: 110/111/112/112.60/113/113.75/115.

Momentum indicator

Inference

Value

CCI(50)

Bullish

46.74

ADX

Neutral

 

 It is good to sell on rallies around 110.23-25, with SL around 111 and TP at 109.30/108.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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