Technical analysis CHFJPY for 01.12.2023

01.12.2023 01:57
Intradía
Técnico

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below 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 169.580. The closest support is the level 168.200

Key levels

  • 170.720, 170.150, 169.580, 168.200, 167.550, 166.710

Trading scenario

  • Recommended opening long positions (Buy Stop) from the level of 169.580, with Take Profit of 170.150 and Stop Loss of 168.970

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 168.200, with Take Profit of 167.550 and Stop Loss of 168.970

Guión
Recomendación
BUY STOP

Punto de entrada
169.580

Take Profit
170.150

Stop Loss
168.970

Niveles clave
170.720, 170.150, 169.580, 168.200, 167.550, 166.710
Escenario alternativo
Recomendación
SELL STOP

Punto de entrada
168.200

Take Profit
167.550

Stop Loss
168.970