Technical analysis NZDJPY for 04.10.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above 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 82.225. The closest resistance is the level 82.675

Key levels

• 84.550, 83.450, 82.675, 82.225, 81.375

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 82.675, with Take Profit of 83.450 and Stop Loss of 82.225

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 82.225, with Take Profit of 81.375 and Stop Loss of 82.675