AUDJPY Bears Poised: Sell Rallies at 111.55 for 108 Target with 112.20 Stop

AUDJPY has been consolidating in a narrow range between 111.51 and 110.84 for the past two days. It hit an intraday high of 111.51 and is currently trading near 1Technicals CMP -111.12 Trend 1- Hour chart Value 55 EMA 111.23 CMP<value Bearish 200- EMA 111.81 CMP <alue Bearish 365- EMA 112.30 CMP<value Bearish 800-H EMA 111.12 CMP>value BullishMajor support- 109.30/108/107.69. Major resistance- 111.40/112/113.10/114. Momentum indicator Inference Value CCI(50) Bullish 128.35 ADX NeutralIt is good to sell on rallies around 111.50-55 with SL around 112.20 for a TP of 108.