Technical analysis AUDJPY for 16.02.2023

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. 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 92.250. The closest resistance is the level 92.650

Key levels

• 93.050, 92.650, 92.250, 91.850, 91.250

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 92.650, with Take Profit of 93.050 and Stop Loss of 92.250

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 92.250, with Take Profit of 91.850 and Stop Loss of 92.650