Technical analysis AUDJPY for 20.10.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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 support is the level 93.575. The closest resistance is the level 94.075

Key levels

• 95.150, 94.625, 94.075, 93.575, 92.900

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 94.075, with Take Profit of 94.625 and Stop Loss of 93.575

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 93.575, with Take Profit of 92.900 and Stop Loss of 94.075