Technical analysis AUDJPY for 16.12.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below 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 92.225. The closest resistance is the level 92.600

Key levels

• 93.725, 93.150, 92.600, 92.225, 91.700

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 92.225, with Take Profit of 91.700 and Stop Loss of 92.600

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 92.600, with Take Profit of 93.150 and Stop Loss of 92.225