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AUDJPY Soars Past 112 on BOJ Rate Hike, Technicals Signal Bullish Momentum

 

 

AUDJPY gained sharply after a rate hike by the BOJ. It reached an intraday high of 112.50 and is currently trading around 112.39.

Technicals

CMP -112.39

Trend

1-hour chart

Value

 

 

55 EMA

110.98

CMP>value

Bullish

200- EMA

111.02

CMP >value

Bullish

365- EMA

111.53

CMP>Value

Bullish

800-H EMA

112.16

CMP>Value

Bullish

  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 buy on dips around 112 with SL around 111, for a TP of 114/115.

 

 

 

 

 

 

 

 

 

 

 

 

 

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