AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies

AUDJPY lost its shine as the yen gains momentum on BOJ intervention. It hit an intraday low of 111.04 and is now trading close to 111.84. Technicals CMP -111.84 Trend 1- Hour chart Value 55 EMA 113.88 CMP<value Bearish 200- EMA 113.29 CMP <alue Bearish 365- EMA 112.97 CMP<value Bearish 800-H EMA 111.12 CMP>value BullishMajor support- 110.80/110/109.40/107.85. Major resistance- 112.60/113/114/114.70/115/116.25/117. Momentum indicator Inference Value CCI(50) Bearish -126 ADX Bearish Strength increased form 21.80 to 25It is good to sell on rallies around 112.28-30 with SL around 113 for a TP of 110/109.45.