Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

AUD/JPY Soars 100 Pips: Bullish Momentum Targets 100 Amid Strong Support

AUD/JPY showed a gap-up opening of more than 100 pips. Reaching an intraday high of 99.13, it now trades at around 99.13. The intraday trend is bullish as long as support at 98 holds.

Oscillators and moving averages to forecast the trend of NDJPY

 

CMP- 99.13

 

EMA (4-hour chart)

 

55-EMA- 97.57

 

200-EMA- 97.18

365-EMA-  96.58. The pair trades above the short and long-term moving averages.

 

Major Support-  98. Any breach below 98 will drag the pair down to 97.60/97/96.51/96/95.

 

Major resistance - 99.20.  Any break above 99.20 confirms minor bullishness; a jump to 100/100.50 is possible.

Indicator (4-hour chart)

 

CCI (50)-  Bullish

 

Average directional movement Index-  Bullish. All indicators confirm a bullish trend.

 

It is good to buy on dips around 98 with SL around 97.60 for TP of 100.

 

 

 

 

 

 

 

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.