Technical analysis CHFJPY for 08.09.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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 support is the level 147.050. The closest resistance is the level 149.450
Key levels
- 151.325, 149.450, 147.050, 145.225, 143.350, 142.250
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 147.050, with Take Profit of 149.450 and Stop Loss of 145.225
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 145.225, with Take Profit of 143.350 and Stop Loss of 147.050
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.