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Yen Retreats: AUDJPY Hits Three-Day Winning Streak as Bullish Momentum Surges

 

 

 

AUDJPY trades higher for third consecutive days on board-based yen weakness. It reached an low of 112.91 and is presently trading close to 113.32.

 

Technicals

CMP -114.23

Trend

1- Hour chart

Value

 

 

55 EMA

113.90

CMP> value

Bullish

200- EMA

113.605

CMP >value

Bullish

365- EMA

113.47

CMP>value

Bullish

 Major support- 112/111.80/110.

Major resistance-  113.50/114.40/115/116.25

Momentum indicator

Inference

Value

CCI(50)

Bullish

163.98

ADX

Bullish

Strength increased from 20.63 to 22.84

 It is good to buy on dips around 114 with SL around 113 for a TP of 116.25/117.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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