Technical analysis AUDJPY for 04.07.2022
The Tenkan-sen line is located below 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 below the Tenkan-se and Kijun-sen lines. The closest support is the level 91.825. The closest resistance is the level 92.200
Key levels
- 93.650, 93.150, 92.650, 92.200, 91.825, 91.450
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 91.825, with Take Profit of 91.450 and Stop Loss of 92.200
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 92.200, with Take Profit of 92.650 and Stop Loss of 91.825