Technical analysis AUDJPY for 17.05.2023

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below 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 90.675. The closest resistance is the level 90.950

Key levels

• 91.275, 90.950, 90.675, 90.275, 90.000

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 90.950, with Take Profit of 91.275 and Stop Loss of 90.675

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 90.675, with Take Profit of 90.275 and Stop Loss of 90.950