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AUDJPY: Bearish Bias Persists Despite Pullback; Sell on Rallies Near 110.78-80 Resistance

AUDJPY showed a minor sell-off after a pullback of more than 100 pips from the minor bottom at 109.66. It reached an intraday high of 110.79 and is currently trading around 110.47.

Technicals

CMP -110.69

Trend

1-hour chart

Value

 

 

55 EMA

111.09

CMP<value

Bearish

200- EMA

112.23

CMP <value

Bearish

365- EMA

112.46

CMP<Value

Bearish

800-H EMA

111.60

CMP<Value

Bearish

  Major support- 109.30/108/107.69.

Major resistance: 111/111.50/111.71/112/112.60/113/113.75/115.

Momentum indicator

Inference

Value

CCI(50)

Bullish

13

ADX

Neutral

 

 It is good to sell on rallies around 110.78-80 with SL around 111.50 for a TP of 108.

 

 

 

 

 

 

 

 

 

 

 

 

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