Technical analysis CHFJPY for 27.07.2023

27.07.2023 17:03
Intradía
Técnico

The Tenkan-sen line is located below the Kijun-sen line. Blue is directed upwards, while red remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 164.350. The closest support is the level 160.310

Key levels

  • 167.240, 164.350, 160.310, 157.570, 154.880

Trading scenario

  • Recommended opening long positions (Buy Stop) from the level of 164.350, with Take Profit of 167.240 and Stop Loss of 162.560

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 160.310, with Take Profit of 157.570 and Stop Loss of 162.560

Guión
Recomendación
BUY STOP

Punto de entrada
164.350

Take Profit
167.240

Stop Loss
162.560

Niveles clave
167.240, 164.350, 160.310, 157.570, 154.880
Escenario alternativo
Recomendación
SELL STOP

Punto de entrada
160.310

Take Profit
157.570

Stop Loss
162.560