Technical analysis AUDJPY for 20.12.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 91.900. The closest support is the level 91.460

Key levels

• 93.140, 92.340, 91.900, 91.460, 90.830, 90.280

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 91.900, with Take Profit of 92.340 and Stop Loss of 91.650

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 91.460, with Take Profit of 90.830 and Stop Loss of 91.650