Technical analysis CHFJPY for 14.09.2023
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 descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 165.720. The closest support is the level 164.130

Key levels
- 167.900, 165.720, 164.130, 162.220, 160.400
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 165.720, with Take Profit of 167.900 and Stop Loss of 164.930
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 164.130, with Take Profit of 162.220 and Stop Loss of 164.930