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AUDJPY Relief Rally: A Golden Opportunity for the Bears?

AUDJPY showed a minor pullback after a massive sell-off. It reached a low of 112.91 and is presently trading close to 113.32.

 

Technicals

CMP -113.32

Trend

1- Hour chart

Value

 

 

55 EMA

113.22

CMP> value

Bullish

200- EMA

113.33

CMP <value

Bearish

365- EMA

113.28

CMP<value

Bearish

 Major support- 112/111.80/110.

Major resistance-  113.50/114.40/115/116.25

Momentum indicator

Inference

Value

CCI(50)

Bullish

40.51

ADX

Neutral

 

 It is good to sell on rallies around 113.48-50 with SL around 114.41 for a TP of 110.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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