Technical analysis AUDJPY for 13.01.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 83.300. The closest resistance is the level 84.375

Key levels

• 85.225, 84.375, 83.300, 82.450, 81.600, 80.500, 78.850

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 83.300, with Take Profit of 82.450 and Stop Loss of 84.000

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 84.375, with Take Profit of 85.225 and Stop Loss of 83.660