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AUDJPY Dip-Buy Setup: 113.58 Entry Aims for 115

AUDJPY has been consolidating in a narrow range between 114.30 and 113.65 for the past three days. It reached a low of 113.65 yesterday and is presently trading close to 113.84.

 

Technicals

CMP -113.84

Trend

1- Hour chart

Value

 

 

55 EMA

113.97

CMP< value

Bearish

200- EMA

113.60

CMP >value

Bullish

365- EMA

113.01

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

-114.74

ADX

Neutral

 

 It is good to buy on dips around 113.58-60 with SL around 113 for a TP of 115.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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