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AUDJPY Extremely Bullish Above 113: Strong AUD Fuels Fresh Rally – Buy Dips at 113 Targeting 115 
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AUDJPY gained above 111 after a minor decline of more than 100 pips. It is now trading at roughly 111.04, having reached an intraday high of 111.09.
|
Technicals |
CMP -111.09 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
110.77 |
CMP< value |
Bullish |
|
200- EMA |
109.95 |
CMP< value |
Bullish |
|
365- EMA |
109.45 |
CMP < value |
Bullish |
Major support- 110.35/109.80/108.95/108.50/107.65/106.85/106.
Major resistance- 111.64/112/113.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Neutral |
|
|
ADX |
Neutral |
|
It is good to buy on dips around 110.58-60 with SL around 109.80 for a TP of 112.
