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AUD/JPY Eases After Hitting 112.79 as Strong Yen Caps Gains

On a robust yen, AUDJPY reduced some of its profits. It peaks at 112.79 and is presently trading around 112.44.

Technicals

CMP -112.44

Trend

1- Hour chart

Value

 

 

55 EMA

112.28-

CMP>value

Bullish

200- EMA

112.26

CMP >value

Bullish

365- EMA

112.26

CMP>value

Bullish

800-H EMA

112.62

CMP<value

Bearish

 Major support-111.50/ 110.80/110.

Major resistance-  112.65/113/113.56/114/115/116.25/117.

 

Momentum indicator

Inference

Value

CCI(50)

Bullish

27.27

ADX

Neutral

 

 It is good to sell on rallies around 112.58-60 with SL around 113.40 for a TP of 110.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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