Technical analysis AUDJPY for 25.07.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 94.000. The closest resistance is the level 94.250

Key levels

• 94.900, 94.500, 94.250, 94.000, 93.700

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 94.250, with Take Profit of 94.000 and Stop Loss of 94.500

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 94.500, with Take Profit of 94.900 and Stop Loss of 94.250