Technical analysis AUDJPY for 16.06.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed up, while blue is directed down. 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 93.625. The closest resistance is the level 94.230

Key levels

• 95.550, 94.830, 94.230, 93.625, 93.025, 92.375

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 94.230, with Take Profit of 93.625 and Stop Loss of 94.830

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 94.830, with Take Profit of 95.550 and Stop Loss of 94.230