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AUD/JPY Outlook: Bullish Trend Intact Despite US-Iran Diplomatic Stalls

As negotiations between the US and Iran fall through, AUDJPY cuts some of its gains. Yesterday, it reached its highest point around 112.86; today, it is currently trading at roughly 112.46.

Technicals

CMP -112.46

Trend

1- Hour chart

Value

 

 

55 EMA

112.31

CMP> value

Bullish

200- EMA

111.45

CMP >value

Bullish

365- EMA

111.18

CMP>value

Bullish

 Major support- 109/108.

Major resistance-  112/112.60/113/114/115/116.25

Momentum indicator

Inference

Value

CCI(50)

Neutral

153.43

ADX

Neutral

 

 It is good to buy on dips around 112 with SL around 111.30 for a TP of 115.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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