Technical analysis CHFJPY for 09.10.2023
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward 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 164.300. The closest support is the level 163.180
Key levels
- 165.720, 165.100, 164.300, 163.180, 162.380, 161.350
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 164.300, with Take Profit of 165.100 and Stop Loss of 163.750
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 163.180, with Take Profit of 162.380 and Stop Loss of 163.750
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.