Technical analysis AUDJPY for 28.11.2022

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 93.425. The closest resistance is the level 93.725

Key levels

• 94.650, 94.200, 93.725, 93.425, 93.125

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 93.425, with Take Profit of 93.125 and Stop Loss of 93.725

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 93.725, with Take Profit of 94.200 and Stop Loss of 93.425