Technical analysis CHFJPY for 22.08.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. 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 143.090. The closest support is the level 142.290

Key levels

• 144.130, 143.520, 143.090, 142.290, 141.850, 141.320

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 143.090, with Take Profit of 143.520 and Stop Loss of 142.400

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 142.290, with Take Profit of 141.850 and Stop Loss of 142.400