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AUDJPY Consolidation: Aussie Holds Near 114.00 as Bulls Eye 115.00 Breakout

After a huge rise of more than 500 pips, AUDJPY is trading in a constrained range. Yesterday at around 114.29, it reached its high; today it is trading at around 114.05.

 

Technicals

CMP -114.06

Trend

1- Hour chart

Value

 

 

55 EMA

113.94

CMP< value

Bearish

200- EMA

113.34

CMP >value

Bullish

365- EMA

112.70

CMP>value

Bullish

 Major support- 113.70/113/112.70/111.80/110.

Major resistance-  114.40/115/116.25

Momentum indicator

Inference

Value

CCI(50)

Bullish

101.47

ADX

Neutral

 

 It is good to buy on dips around 113 with SL around 111.80 for a TP of 115.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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