Technical analysis AUDJPY for 20.12.2022
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 91.900. The closest support is the level 91.460
Key levels
- 93.140, 92.340, 91.900, 91.460, 90.830, 90.280
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 91.900, with Take Profit of 92.340 and Stop Loss of 91.650
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 91.460, with Take Profit of 90.830 and Stop Loss of 91.650
Scenario
Recommendation
BUY STOP
Entry Point
91.900
Take Profit
92.340
Stop Loss
91.650
Key Levels
93.140, 92.340, 91.900, 91.460, 90.830, 90.280
Alternative scenario
Recommendation
SELL STOP
Entry Point
91.460
Take Profit
90.830
Stop Loss
91.650
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
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.