Technical analysis AUDJPY for 05.01.2023

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ready to roll over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 90.820. The closest support is the level 89.620

Key levels

• 92.490, 91.690, 90.820, 89.620, 89.050, 88.380

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 90.820, with Take Profit of 91.690 and Stop Loss of 90.200

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 89.620, with Take Profit of 89.050 and Stop Loss of 90.200