Technical analysis AUDJPY for 26.01.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 80.950. The closest resistance is the level 81.600

Key levels

• 85.100, 84.225, 83.550, 82.850, 82.150, 81.600, 80.950, 80.300

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 81.600, with Take Profit of 80.950 and Stop Loss of 82.150

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 82.150, with Take Profit of 82.850 and Stop Loss of 81.600