Technical analysis AUDJPY for 20.09.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed up, while blue is directed down. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 96.720. The closest support is the level 96.130

Key levels

• 97.550, 97.060, 96.720, 96.130, 95.750, 95.330

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 96.720, with Take Profit of 97.060 and Stop Loss of 96.400

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 96.130, with Take Profit of 95.750 and Stop Loss of 96.400