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Aussie-Yen Deadlock: AUDJPY Braces for Potential Breakout Toward 112

 

 

For the past five days, AUDJPY is trading in a tight range between 109.92 and 111.28. Its current trade is around 110.85, reaching an intraday high of 110.84.

Technicals

CMP -110.83 

Trend

1- Hour chart

Value

 

 

55 EMA

110.75

CMP >value

Bullish

200- EMA

110.63

CMP> value

Bullish

365- EMA

110.23

CMP> value

Bullish

 

Major support- 110.35/109.80/109.50/108.95/108.50/107.65.

Major resistance-  111.15/112.10/113 

Momentum indicator

Inference

Value

CCI(50)

Bullish

73.48

ADX

Neutral

 

 It is good to buy on dips around 110.25-30 with SL around 109.50 for a TP of 112.

 

 

 

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