Technical analysis AUDJPY for 28.07.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed 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 95.270. The closest resistance is the level 96.110

Key levels

• 96.875, 96.110, 95.270, 94.630, 93.875

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 95.270, with Take Profit of 96.110 and Stop Loss of 94.630

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 94.630, with Take Profit of 93.875 and Stop Loss of 95.270