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AUDJPY Stays Bullish on Dips: Strong Momentum Eyes 115 Breakout

AUDJPY trades flat after a minor pullback. It has an intraday high of 113.32 and is currently trading near 113.28.

Technicals

CMP -113.42

Trend

1- Hour chart

Value

 

 

55 EMA

112.50

CMP>value

Bullish

200- EMA

112.60

CMP < value

Bullish

365- EMA

112.61

CMP>value

Bullish

800-H EMA

111.24

CMP>value

Bullish

  Major support- 113/112.60/112/111.40/110/109.30/108/107.69.

Major resistance-  114/115/116.

Momentum indicator

Inference

Value

CCI(50)

Bullish

140

ADX

Bullish

Strength increased from 13.44 to 22

 It is good to buy on dips around 113 with SL around 112.40 for a TP of 115.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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