Technical analysis AUDJPY for 09.08.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud turned over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 94.490. The closest support is the level 94.100

Key levels

• 95.100, 94.830, 94.490, 94.100, 93.720, 93.300

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 94.490, with Take Profit of 94.830 and Stop Loss of 94.270

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 94.100, with Take Profit of 93.720 and Stop Loss of 94.270