Technical analysis AUDJPY for 28.10.2022

The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 94.125. The closest resistance is the level 94.575

Key levels

• 95.875, 95.150, 94.575, 94.125, 93.650, 93.025

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 94.125, with Take Profit of 93.650 and Stop Loss of 94.575

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 94.575, with Take Profit of 95.150 and Stop Loss of 94.125