Technical analysis AUDJPY for 20.06.2022
Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 94.230. The closest support is the level 93.620
Key levels
- 95.500, 94.830, 94.230, 93.620, 93.130, 91.700
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 94.230, with Take Profit of 94.830 and Stop Loss of 93.900
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 93.620, with Take Profit of 93.130 and Stop Loss of 93.900