Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

Google Add as a preferred source on Google

Fade the Rally: AUD/JPY Eyes 109.30 Downside as Resistance Holds

AUDJPY pared its gains after a minor jump above 112.50. It reached an intraday high of 112.21 and is currently trading around 111.72.

Technicals

CMP -111.72

Trend

4-hour chart

Value

 

 

55 EMA

111.45

CMP>value

Bullish

200- EMA

112.16

CMP <value

Bearish

365- EMA

112.40

CMP<Value

Bearish

800-H EMA

111.61

CMP>Value

Bullish

  Major support: 109.30/108/107.69.

Major resistance: 112/112.60/113/113.75/115.

Momentum indicator

Inference

Value

CCI(50)

Bullish

103.51

ADX

Neutral

 

 It is good to sell on rallies around 112 with SL around 113 for a TP of 110/109.30.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.