Technical analysis AUDJPY for 14.12.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 92.600. The closest resistance is the level 92.900

Key levels

• 93.725, 93.325, 92.900, 92.600, 92.125, 91.700

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 92.900, with Take Profit of 93.325 and Stop Loss of 92.600

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 92.600, with Take Profit of 92.125 and Stop Loss of 92.900