Technical analysis CHFJPY for 21.07.2023
The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 163.960. The closest support is the level 159.200

Key levels
- 166.350, 163.960, 159.200, 156.830, 154.590
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 163.960, with Take Profit of 166.350 and Stop Loss of 161.600
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 159.200, with Take Profit of 156.830 and Stop Loss of 161.600