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Aussie Retreats as Safe-Haven Yen Reclaims Ground: Is AUDJPY Set for a Deeper Dive?

Demand for the safe-haven currency Yen grows, leading AUDJPY to trade weakly. It fell to 111.32 previous week and is now trading around 112.95.

 

Technicals

CMP -112.95

Trend

1- Hour chart

Value

 

 

55 EMA

113.16

CMP< value

Bearish

200- EMA

113.60

CMP >value

Bullish

365- EMA

113.39

CMP>value

Bullish

 Major support- 112.35/111.90/111.30/110.80/110.

Major resistance-  113.50/114/114.40/115/116.25

Momentum indicator

Inference

Value

CCI(50)

Neutral

 

ADX

Bearish

Strength increased from 24.92 to 35

 It is good to sell on rallies around 113.40-45 with SL around 114.40 for a TP of 110.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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