Technical analysis AUDJPY for 03.06.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 93.925. The closest resistance is the level 94.650

Key levels

• 95.450, 94.650, 93.925, 93.125, 92.200

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 94.650, with Take Profit of 95.450 and Stop Loss of 93.925

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 93.925, with Take Profit of 93.125 and Stop Loss of 94.650