Technical analysis AUDJPY for 19.12.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 91.650. The closest support is the level 90.770

Key levels

• 92.710, 92.170, 91.650, 90.770, 90.160, 89.480

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 91.650, with Take Profit of 92.170 and Stop Loss of 91.200

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 90.770, with Take Profit of 90.160 and Stop Loss of 91.200