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AUDJPY Pullback Presents Selling Opportunity Above 110.50

Following a retreat of over 100 pips from modest bottom 109.66, AUDJPY exhibited a little off-sell. It hit an intraday high of 110.79 and is now trading around 110.47.

Technicals

CMP -110.47

Trend

1- Hour chart

Value

 

 

55 EMA

110.46

CMP>value

Bullish

200- EMA

111.06

CMP <value

Bearish

365- EMA

111.71

CMP<Value

Bearish

800-H EMA

112.32

CMP<Value

Bearish

  Major support- 109.30/108/107.69.

Major resistance: 111/111.50/111.71/112/112.60/113/113.75/115.

Momentum indicator

Inference

Value

CCI(50)

Bullish

51.08

ADX

Neutral

 

 It is good to sell on rallies around 110.78-80 with SL around 111.50 for a TP of 108.

 

 

 

 

 

 

 

 

 

 

 

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