Technical analysis AUDJPY for 26.01.2023

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 91.850. The closest resistance is the level 92.600

Key levels

• 93.150, 92.600, 91.850, 91.500, 91.100

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 91.850, with Take Profit of 92.600 and Stop Loss of 91.500

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 91.500, with Take Profit of 91.100 and Stop Loss of 91.850