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AUDJPY Suffers as Yen Buying Pressure Mounts; Bearish Outlook Persists

AUDJPY  lost its shine on board-based Yen buying. It his an low of 110.27 yesterday and is currently trading near 110.838.

Technicals

CMP -110.83

Trend

1- Hour chart

Value

 

 

55 EMA

112.56

CMP<value

Bearish

200- EMA

112.95

CMP <value

Bearish

365- EMA

112.87

CMP<Value

Bearish

800-H EMA

111.68

CMP<Value

Bearish

  Major support- 110/109.30/108/107.69.

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

Momentum indicator

Inference

Value

CCI(50)

Bearish

-109.61

ADX

Bearish

Strength increased from 60.13 to 60.91

 It is good to sell on rallies around 111.48- 50, with SL around 112.60 for a TP of 108.

 

 

 

 

 

 

 

 

 

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