Technical analysis CHFJPY for 28.12.2022

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 descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 143.275. The closest resistance is the level 144.100

Key levels

• 144.950, 144.100, 143.275, 142.750, 142.200, 141.500

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 143.275, with Take Profit of 144.100 and Stop Loss of 142.750

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 142.750, with Take Profit of 142.200 and Stop Loss of 143.275