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AUDJPY Pulls Back as Yen Momentum Returns: Sell Rallies Near 112.60 Targeting 110

 

 

AUDJPY pared some of its gains as yen gains momentum.  It hits an intraday low of of 112.33 and is now trading close to 112.28.

Technicals

CMP -112.28

Trend

1- Hour chart

Value

 

 

55 EMA

112.55

CMP<value

Bearish

200- EMA

112.33

CMP <alue

Bearish

365- EMA

112.36

CMP<value

Bearish

800-H EMA

112.62

CMP<value

Bearish

 Major support-111.50/ 110.80/110.

Major resistance-  112.75/113/113.56/114/115/116.25/117.

 

Momentum indicator

Inference

Value

CCI(50)

Bearish

-197

ADX

Neutral

 

 It is good to sell on rallies around 112.58-60, with an SL around 113.40, for a TP of 110.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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