Technical analysis AUDJPY for 08.06.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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 95.575. The closest resistance is the level 96.500
Key levels
- 97.125, 96.500, 95.575, 95.075, 94.475
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 95.575, with Take Profit of 96.500 and Stop Loss of 95.075
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 95.075, with Take Profit of 94.475 and Stop Loss of 95.575
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.