Technical analysis NZDJPY for 31.08.2022
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 85.075. The closest resistance is the level 85.500

Key levels
- 86.050, 85.500, 85.075, 84.700, 84.325
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 85.075, with Take Profit of 85.500 and Stop Loss of 84.700
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 84.700, with Take Profit of 84.325 and Stop Loss of 85.075