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AUDJPY Bullish Dip-Buy Setup: All EMAs Align for Run to 115

 

AUDJPY is consolidating in a narrow range after minor pullback. It his an intraday high of 112.60 and is currently trading near 112.608.

Technicals

CMP -112.61

Trend

1- Hour chart

Value

 

 

55 EMA

112.19

CMP>value

Bullish

200- EMA

112.56

CMP < value

Bullish

365- EMA

112.59

CMP>value

Bullish

800-H EMA

111.18

CMP>value

Bullish

  Major support- 111.40/110/109.30/108/107.69.

Major resistance-  113.10/114/115.

Momentum indicator

Inference

Value

CCI(50)

Bearish

81.60

ADX

Neutral

 

 It is good to buy on dips around 112, with SL around 110.80 for a TP of 115.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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