Technical analysis CHFJPY for 08.09.2022

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 support is the level 147.050. The closest resistance is the level 149.450

Key levels

• 151.325, 149.450, 147.050, 145.225, 143.350, 142.250

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 147.050, with Take Profit of 149.450 and Stop Loss of 145.225

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 145.225, with Take Profit of 143.350 and Stop Loss of 147.050