Technical analysis AUDJPY for 11.07.2022

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 93.650. The closest support is the level 92.650

Key levels

• 94.520, 94.050, 93.650, 92.650, 92.200, 91.800

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 93.650, with Take Profit of 94.050 and Stop Loss of 93.150

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 92.650, with Take Profit of 92.200 and Stop Loss of 93.150