Technical analysis CHFJPY for 28.06.2023

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 resistance is the level 162.710. The closest support is the level 159.450

Key levels

• 164.340, 162.710, 159.450, 157.160, 154.850

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 162.710, with Take Profit of 164.340 and Stop Loss of 161.050

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 159.450, with Take Profit of 157.160 and Stop Loss of 161.050