Technical analysis AUDJPY for 02.05.2022

The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span crossed and fixed 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 91.625. The closest resistance is the level 92.000

Key levels

• 92.800, 93.350, 92.000, 91.625, 91.175, 90.450

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 92.000, with Take Profit of 91.625 and Stop Loss of 92.350

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 92.350, with Take Profit of 92.800 and Stop Loss of 92.000