Technical analysis AUDJPY for 07.09.2022

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. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 96.600. The closest support is the level 95.880

Key levels

• 97.640, 97.150, 96.600, 95.880, 95.320, 94.720

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 96.600, with Take Profit of 97.150 and Stop Loss of 96.250

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 95.880, with Take Profit of 95.320 and Stop Loss of 96.250