Technical analysis NZDJPY for 29.09.2022

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 descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 82.150. The closest resistance is the level 82.650

Key levels

• 84.250, 83.450, 82.650, 82.150, 81.525

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 82.150, with Take Profit of 81.525 and Stop Loss of 82.650

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 82.650, with Take Profit of 83.450 and Stop Loss of 82.150