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AUDJPY Surges Above 112.50 on Aussie Momentum – Bullish EMAs Flash Green but Sell Rallies into 111.30 
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AUDJPY is trading higher for the third consecutive day as the Australian dollar recovers. It hits an intraday high of 113.21 and is now trading around 112.924..
|
Technicals |
CMP -112.95 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
112.68 |
CMP >value |
Bullish |
|
200- EMA |
112.20 |
CMP >value |
Bullish |
|
365- EMA |
111.61 |
CMP>value |
Bullish |
Major support- 111.40/110.80/110.35/109.80.
Major resistance- 113/114/115/116.25
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
81.10 |
|
ADX |
Neutral |
|
It is good to buy on dips around 112,68-70 with SL at 112, for a TP of 115.
