Technical analysis CHFJPY for 23.08.2023
23.08.2023 01:08
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 166.470. The closest support is the level 164.720
Key levels
- 167.650, 166.980, 166.470, 164.720, 163.880, 162.780
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 166.470, with Take Profit of 166.980 and Stop Loss of 165.550
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 164.720, with Take Profit of 163.880 and Stop Loss of 165.550
Scenario
Recommendation
BUY STOP
Entry Point
166.470
Take Profit
166.980
Stop Loss
165.550
Key Levels
167.650, 166.980, 166.470, 164.720, 163.880, 162.780
Alternative scenario
Recommendation
SELL STOP
Entry Point
164.720
Take Profit
163.880
Stop Loss
165.550