Technical analysis AUDJPY for 14.10.2022

Tenkan-sen and Kijun-sen lines are merged. Blue is directed downward, while red remains horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 93.010. The closest support is the level 92.610

Key levels

• 94.120, 93.400, 93.010, 92.610, 92.080, 91.550

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 93.010, with Take Profit of 93.400 and Stop Loss of 92.800

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 92.610, with Take Profit of 92.080 and Stop Loss of 92.800