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AUDJPY Bullish Momentum Ignites: Buy Dips Toward 115 Target

AUDJPY holds above 113.50 as the Australian dollar gained momentum. It hits an intraday high of 113.34 and is now trading close to 113.29

Technicals

CMP -113.56

Trend

4- Hour chart

Value

 

 

55 EMA

112.85

CMP>value

Bullish

200- EMA

112.73

CMP >alue

Bullish

365- EMA

112.58

CMP>value

Bullish

800-H EMA

110.68

CMP>value

Bullish

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

Major resistance-  113.70/114/115/116.25/117.

 

Momentum indicator

Inference

Value

CCI(50)

Bullish

108.88

ADX

Neutral

 

 It is good to buy on dips around 113.18-20 with SL around 112.50 for a TP of 115.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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