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Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm

 

As the yen lost steam, AUDJPY showed a slight retreat. It reaches an intraday high of 109.40 and is presently trading at roughly 109.75.

Technicals

CMP -109.75

Trend

1- Hour chart

Value

 

 

55 EMA

109.77

CMP< value

Bearish

200- EMA

110.26

CMP <value

Bearish

365- EMA

110.64

CMP<value

Bearish

 Major support- 109/108.

Major resistance-  110/110.95/111.40/112/112.60/113/114/115/116.25

Momentum indicator

Inference

Value

CCI(50)

Bearish

-66.44

ADX

Neutral

 

 It is good to sell on rallies around 110 with SL around 111 for a TP of 108.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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