Technical analysis CHFJPY for 17.08.2023

17.08.2023 17:01
Intradía
Técnico

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 166.950. The closest support is the level 165.250

Key levels

  • 169.210, 166.950, 165.250, 162.800, 160.480

Trading scenario

  • Recommended opening long positions (Buy Stop) from the level of 166.950, with Take Profit of 169.210 and Stop Loss of 166.300

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 165.250, with Take Profit of 162.800 and Stop Loss of 166.300

Guión
Recomendación
BUY STOP

Punto de entrada
166.950

Take Profit
169.210

Stop Loss
166.300

Niveles clave
169.210, 166.950, 165.250, 162.800, 160.480
Escenario alternativo
Recomendación
SELL STOP

Punto de entrada
165.250

Take Profit
162.800

Stop Loss
166.300