Technical analysis AUDJPY for 02.03.2023

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 91.925. The closest resistance is the level 92.200

Key levels

• 92.550, 92.200, 91.925, 91.650, 91.276

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 92.200, with Take Profit of 92.550 and Stop Loss of 91.925

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 91.925, with Take Profit of 91.650 and Stop Loss of 92.200