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AUDJPY Surges on Aussie Strength: Buy Dips Toward 117/118 as Bullish Momentum Accelerates

AUDJPY gained sharply as the Australian dollar gained momentum.  It hit an intraday high of 114.29 and is now trading close to 114.187.

Technicals

CMP -114.18

Trend

4- Hour chart

Value

 

 

55 EMA

113.14

CMP>value

Bullish

200- EMA

112.83

CMP >alue

Bullish

365- EMA

112.64

CMP>value

Bullish

800-H EMA

110.77

CMP>value

Bullish

 Major support-113.50/112.75/11240/112/111.50/ 110.80/110.

Major resistance-  114.30/115/116.25/117.

 

Momentum indicator

Inference

Value

CCI(50)

Bullish

141.81

ADX

Bullish

Strength increased from 30.58 to 31.71

 It is good to buy on dips around 113.78-80 with SL around 113 for a TP of 117/118.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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