Technical analysis AUDJPY for 18.04.2023

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 trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 89.975. The closest resistance is the level 90.250

Key levels

• 90.675, 90.250, 89.975, 89.600, 89.250

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 90.250, with Take Profit of 90.675 and Stop Loss of 89.975

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 89.975, with Take Profit of 89.600 and Stop Loss of 90.250