Technical analysis CHFJPY for 16.06.2023
16.06.2023 01:00
Intraday
Technical
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 159.210. The closest support is the level 155.380
Key levels
- 158.020, 158.670, 159.210, 155.380, 154.230, 153.440
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 159.210, with Take Profit of 158.670 and Stop Loss of 156.820
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 155.380, with Take Profit of 154.230 and Stop Loss of 156.820
Scenario
Recommendation
BUY STOP
Entry Point
159.210
Take Profit
158.670
Stop Loss
156.820
Key Levels
158.020, 158.670, 159.210, 155.380, 154.230, 153.440
Alternative scenario
Recommendation
SELL STOP
Entry Point
155.380
Take Profit
154.230
Stop Loss
156.820