Technical analysis CHFJPY for 18.07.2023
18.07.2023 01:14
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 163.100. The closest support is the level 158.910
Key levels
- 165.340 , 163.100, 158.910, 156.790, 154.620
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 163.100, with Take Profit of 165.340 and Stop Loss of 161.090
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 158.910, with Take Profit of 156.790 and Stop Loss of 161.090
Scenario
Recommendation
BUY STOP
Entry Point
163.100
Take Profit
165.340
Stop Loss
161.090
Key Levels
165.340 , 163.100, 158.910, 156.790, 154.620
Alternative scenario
Recommendation
SELL STOP
Entry Point
158.910
Take Profit
156.790
Stop Loss
161.090