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AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias

AUDJPY is taring flat with neutral bias. It hits an intraday high of 114.66 and is now trading close to 114.492.

Technicals

CMP -114.51

Trend

1- Hour chart

Value

 

 

55 EMA

113.81

CMP>value

Bullish

200- EMA

113.13

CMP >alue

Bullish

365- EMA

112.84

CMP>value

Bullish

800-H EMA

110.96

CMP>value

Bullish

 Major support-114/113.50/112.75/11240/112/111.50/ 110.80/110.

Major resistance-  114.70/115/116.25/117.

 

Momentum indicator

Inference

Value

CCI(50)

Bullish

117.32

ADX

Neutral

Strength increased from 25.92 to 27.89

 It is good to buy on dips around 114.38-40 with SL around 113.54 for a TP of 117/118.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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