Technical analysis AUDJPY for 19.10.2022

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 94.560. The closest support is the level 94.120

Key levels

• 95.610, 95.060, 94.560, 94.120, 93.400, 93.010

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 94.560, with Take Profit of 95.060 and Stop Loss of 94.300

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 94.120, with Take Profit of 93.400 and Stop Loss of 94.300