Technical analysis CHFJPY for 07.06.2023
07.06.2023 00:40
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed above 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 153.625. The closest resistance is the level 154.375
Key levels
- 155.150, 154.375, 153.625, 152.850, 151.975
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 154.375, with Take Profit of 155.150 and Stop Loss of 153.625
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 153.625, with Take Profit of 152.850 and Stop Loss of 154.375
Scenario
Recommendation
BUY STOP
Entry Point
154.375
Take Profit
155.150
Stop Loss
153.625
Key Levels
155.150, 154.375, 153.625, 152.850, 151.975
Alternative scenario
Recommendation
SELL STOP
Entry Point
153.625
Take Profit
152.850
Stop Loss
154.375