Technical analysis AUDJPY for 13.07.2022
The Tenkan-sen line is located below the Kijun-sen line. Red points downwards while blue points upwards. Confirmatory line Chikou Span crosses from top to bottom the price chart
The Tenkan-sen line is located below the Kijun-sen line. Red points downwards while blue points upwards. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is descending. Instrument broke through the lower border of the cloud and continued to fall. The closest support is the top of the cloud. The closest resistance is the level 92.35
Key levels
- 95.30, 94.40, 93.85, 93.40, 92.92, 92.35, 91.45
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 91.45 and Stop Loss of 92.92
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 92.92, with Take Profit of 93.85 and Stop Loss of 92.35
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.