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AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges

AUDJPY trades highly volatile after a massive sell-off. It hits an low of 110.89 yesterday and is now trading close to 112.41.

Technicals

CMP -112.41

Trend

1- Hour chart

Value

 

 

55 EMA

113.62

CMP<value

Bearish

200- EMA

113.24

CMP <alue

Bearish

365- EMA

112.94

CMP<value

Bearish

800-H EMA

111.12

CMP>value

Bullish

 Major support- 112/111.50/ 110.80/110.

Major resistance-  113/114/114.70/115/116.25/117.

 

Momentum indicator

Inference

Value

CCI(50)

Bearish

-277.85

ADX

Bearish

Strength increased from 28.35 to 31.50

 It is good to sell on rallies around 113 with SL around 114 for a TP of 110.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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