Technical analysis AUDJPY for 22.09.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 95.10. The closest resistance is the level 95.75

Key levels

• 98.40, 97.15, 96.40, 95.75, 95.10, 94.30

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 95.75, with Take Profit of 96.40 and Stop Loss of 95.10

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 95.10, with Take Profit of 94.30 and Stop Loss of 95.75