Technical analysis AUDJPY for 28.07.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed 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 95.270. The closest resistance is the level 96.110
Key levels
- 96.875, 96.110, 95.270, 94.630, 93.875
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 95.270, with Take Profit of 96.110 and Stop Loss of 94.630
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 94.630, with Take Profit of 93.875 and Stop Loss of 95.270
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.