Technical analysis CHFJPY for 06.12.2023

06.12.2023 01:36
Intradía
Técnico

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 168.860. The closest support is the level 167.550

Key levels

  • 170.150, 169.580, 168.860, 167.550, 166.710, 165.960

Trading scenario

  • Recommended opening long positions (Buy Stop) from the level of 168.860, with Take Profit of 169.580 and Stop Loss of 168.180

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 167.550, with Take Profit of 166.710 and Stop Loss of 168.180

Guión
Recomendación
BUY STOP

Punto de entrada
168.860

Take Profit
169.580

Detener la pérdida de
168.180

Niveles clave
170.150, 169.580, 168.860, 167.550, 166.710, 165.960
Escenario alternativo
Recomendación
SELL STOP

Punto de entrada
167.550

Take Profit
166.710

Detener la pérdida de
168.180