Technical analysis CHFJPY for 23.03.2023
23.03.2023 00:59
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 142.850. The closest resistance is the level 143.450
Key levels
- 144.600, 144.050, 143.450, 142.850, 142.150
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 143.450, with Take Profit of 144.050 and Stop Loss of 142.850
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 142.850, with Take Profit of 142.150 and Stop Loss of 143.450
Scenario
Recommendation
BUY STOP
Entry Point
143.450
Take Profit
144.050
Stop Loss
142.850
Key Levels
144.600, 144.050, 143.450, 142.850, 142.150
Alternative scenario
Recommendation
SELL STOP
Entry Point
142.850
Take Profit
142.150
Stop Loss
143.450