Technical analysis CHFJPY for 14.07.2023
14.07.2023 02:14
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crossed and fixed above the price chart. In this case, the cloud is ready to roll over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 160.400. The closest resistance is the level 161.150
Key levels
- 161.800, 161.150, 160.400, 159.775, 158.975
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 160.400, with Take Profit of 161.150 and Stop Loss of 159.775
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 159.775, with Take Profit of 158.975 and Stop Loss of 160.400
Scenario
Recommendation
BUY LIMIT
Entry Point
160.400
Take Profit
161.150
Stop Loss
159.775
Key Levels
161.800, 161.150, 160.400, 159.775, 158.975
Alternative scenario
Recommendation
SELL STOP
Entry Point
159.775
Take Profit
158.975
Stop Loss
160.400