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Aussie Ascent: AUDJPY Charges Toward 112 as Bullish Momentum Hits Five-Day High

As the Australian dollar gains strength, AUDJPY is trading higher for five straight days. Reaching an intraday high of 110.71, it is currently trading at about 110.658.

Technicals

CMP -110.65

Trend

1- Hour chart

Value

 

 

55 EMA

110.31

CMP> value

Bullish

200- EMA

110.27

CMP >value

Bullish

365- EMA

110.51

CMP>value

Bullish

 Major support- 109/108.

Major resistance-  110.95/111.40/112/112.60/113/114/115/116.25

Momentum indicator

Inference

Value

CCI(50)

Bullish

86.91

ADX

Bullish

 

 It is good to buy on dips around 110.18-20 with SL around 109.75 for a TP of 112.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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