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AUDJPY Surges Amidst Yen Weakness, Key Resistance Ahead

Board-based yen selling caused AUDJPY to leap over 80 pips from a modest low of 110.79. It hit an intraday high of 111.64 and is now trading at about 111.597.

Technicals

CMP -111.59

Trend

1-hour chart

Value

 

 

55 EMA

111.56

CMP>value

Bullish

200- EMA

111.48

CMP >value

Bullish

365- EMA

111.63

CMP<Value

Bearish

800-H EMA

112.08

CMP<Value

Bearish

  Major support: 109.30/108/107.69.

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

Momentum indicator

Inference

Value

CCI(50)

Neutral

 

ADX

Neutral

 

 It is good to sell on rallies around 112 with SL around 113 for a TP of 110/109.30.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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