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AUDJPY Rebounds on Yen Weakness – Bullish Buy Setup Above 112 Targets 115

 AUDJPY recovered slightly on yen weakness. It hit an intraday high of 111.997 and is currently trading near 111.924.

Technicals

CMP -111.92

Trend

1- Hour chart

Value

 

 

55 EMA

111.39

CMP>value

Bullish

200- EMA

111.75

CMP >alue

Bullish

365- EMA

112.21

CMP<value

Bearish

800-H EMA

112.59

CMP>value

Bullish

  Major support- 109.30/108/107.69.

Major resistance-  112.20/113.10/114/115.

Momentum indicator

Inference

Value

CCI(50)

Bullish

260

ADX

Neutral

 

 It is good to buy above 112 with SL around 111 for a TP of 115.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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