Technical analysis AUDJPY for 13.01.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located above 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 trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 83.300. The closest resistance is the level 84.375
Key levels
- 85.225, 84.375, 83.300, 82.450, 81.600, 80.500, 78.850
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 83.300, with Take Profit of 82.450 and Stop Loss of 84.000
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 84.375, with Take Profit of 85.225 and Stop Loss of 83.660
Scenario
Recommendation
SELL STOP
Entry Point
83.300
Take Profit
82.450
Stop Loss
84.000
Key Levels
85.225, 84.375, 83.300, 82.450, 81.600, 80.500, 78.850
Alternative scenario
Recommendation
BUY STOP
Entry Point
84.375
Take Profit
85.225
Stop Loss
83.660
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.