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AUDJPY Holds Strong Above 102: Aussie Bulls Eye Fresh Highs

AUDJPY gained above 102.50 on the board-based Australian dollar. Intraday is positive as long as support 102 holds. It reached a high of 102.51 yesterday and is currently trading around 102.45.

 

Oscillators and moving averages to forecast the trend of AUDJPY

 

CMP- 102.45

EMA (4-hour chart)

55-EMA- 101.73

200-EMA- 100.62

365-EMA- 99.62. The pair trades above the short and above long-term moving average.

Major Support- 102. Any breach below 102 will drag the pair down to 101.40/100.98/100.35/100/99.70/99/98.25/97.48/97/96/95/94.39.

Major resistance - 102.50. Any break above 102.50 confirms minor bullishness; a jump to 103.10/104/105 is possible.

Indicator (4-hour chart)

CCI (50)-  Bullish

Average directional movement Index-  Neutral. All indicators confirm a neutral trend. trend.

It is good to buy on dips around 102 with SL around 101.40 for TP of 104.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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