Technical analysis CHFJPY for 21.09.2023
21.09.2023 00:58
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Blue is directed upwards, while red remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud turned over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 165.400. The closest support is the level 164.300
Key levels
- 166.070, 165.720, 165.400, 164.300, 163.850, 163.300
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 165.400, with Take Profit of 165.720 and Stop Loss of 164.900
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 164.300, with Take Profit of 163.850 and Stop Loss of 164.900
Scenario
Recommendation
BUY STOP
Entry Point
165.400
Take Profit
165.720
Stop Loss
164.900
Key Levels
166.070, 165.720, 165.400, 164.300, 163.850, 163.300
Alternative scenario
Recommendation
SELL STOP
Entry Point
164.300
Take Profit
163.850
Stop Loss
164.900