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Aussie Under Pressure: AUDJPY Retreats as Bearish Technicals Align

AUDJPY pared some of its gains on board-based  Australain dolalr weakness. It reached a high of 113.32 and is presently trading close to 112.36.

 

Technicals

CMP -112.36

Trend

1- Hour chart

Value

 

 

55 EMA

112.83

CMP< value

Bearish

200- EMA

113.41

CMP <value

Bearish

365- EMA

113.30

CMP<value

Bearish

 Major support- 111.80/110.

Major resistance-  113/113.50/114.40/115/116.25

Momentum indicator

Inference

Value

CCI(50)

Bearish

-145

ADX

Neutral

 

 It is good to sell on rallies around 112.88-90 with SL around 113.55 for a TP of 110.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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