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Aussie Retreat: AUDJPY Sees Minor Profit-Taking After Touching Multi-Year Peak

AUDJPY showed a minor profit-booking after hitting a multi-year high. Yesterday at about 114.37, it reached its peak; it is presently trading at almost 113.723.

 

Technicals

CMP -113.80

Trend

1- Hour chart

Value

 

 

55 EMA

113.83

CMP< value

Bearish

200- EMA

113.17

CMP >value

Bullish

365- EMA

112.52

CMP>value

Bullish

 Major support- 112.70/111.80/110.

Major resistance-  114.40/115/116.25

Momentum indicator

Inference

Value

CCI(50)

Bearish

-14.78

ADX

Neutral

 

 It is good to buy on dips around 113, with an SL around 111.80 and a TP of 115.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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