Technical analysis for 17.07.2023

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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 1948. The closest resistance is the level 1954

Key levels

• 1968, 1960, 1954, 1948, 1939

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1954, with Take Profit of 1960 and Stop Loss of 1948

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1948, with Take Profit of 1939 and Stop Loss of 1954