Technical analysis AUDJPY for 05.09.2022

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 95.325. The closest resistance is the level 95.700

Key levels

• 96.100, 95.700, 95.325, 95.025, 94.725

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 95.325, with Take Profit of 95.700 and Stop Loss of 95.025

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 95.025, with Take Profit of 94.725 and Stop Loss of 95.100