Technical analysis AUDJPY for 10.01.2023

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 trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 90.700. The closest resistance is the level 91.175

Key levels

• 92.650, 91.900, 91.175, 90.700, 90.075, 89.200

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 91.175, with Take Profit of 91.900 and Stop Loss of 90.700

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 90.700, with Take Profit of 90.075 and Stop Loss of 91.175