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AUDJPY Surges Above 112: Bullish Momentum Signals Further Gains

AUDJPY gained above 112 on board-based yen weakness.  It hits an high of 112.54 and is now trading close to 112.45.

Technicals

CMP -112.45

Trend

1- Hour chart

Value

 

 

55 EMA

111.93

CMP>value

Bullish

200- EMA

111.96

CMP >value

Bullish

365- EMA

112.22

CMP>value

Bullish

 Major support-111.50/ 110.80/110.

Major resistance- 112.65/113/113.56/114/115/116.25/117.

 

Momentum indicator

Inference

Value

CCI(50)

Bullish

206

ADX

Bullish

Strength increased from 12.25 to 26.95

 It is good to buy on dips around 112 with SL around 111 for a TP of 114/115.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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