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AUD/JPY Pares Gains Below 55 EMA: Is a Bearish Retreat Toward 108.00 Underway?

AUDJPY pared some of its gains as the Australian dollar loses momentum. It hit an intraday high of 110.62 and is now trading at about 110.14.

Technicals

CMP -110.14

Trend

1-hour chart

Value

 

 

55 EMA

110.18

CMP<value

Bearish

200- EMA

110.19

CMP <value

Bearish

365- EMA

110.54

CMP<Value

Bearish

800-H EMA

111.25

CMP<Value

Bearish

  Major support- 108.80/107.69/107.

Major resistance: 110.40/111/112/112.60/113/113.75/115.

Momentum indicator

Inference

Value

CCI(50)

Neutral

 

ADX

Neutral

 

 It is good to sell on rallies around 110.48-50 with SL around 111.25 for a TP of  108.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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