Technical analysis AUDJPY for 01.12.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are 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 support is the level 93.475. The closest resistance is the level 93.750

Key levels

• 94.350, 94.050, 93.750, 93.475, 93.225, 92.925

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 93.750, with Take Profit of 94.050 and Stop Loss of 93.475

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 93.475, with Take Profit of 93.225 and Stop Loss of 93.725