Technical analysis CHFJPY for 14.09.2023
14.09.2023 01:27
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 trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 165.720. The closest support is the level 164.130
Key levels
- 167.900, 165.720, 164.130, 162.220, 160.400
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 165.720, with Take Profit of 167.900 and Stop Loss of 164.930
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 164.130, with Take Profit of 162.220 and Stop Loss of 164.930
Scenario
Recommendation
BUY STOP
Entry Point
165.720
Take Profit
167.900
Stop Loss
164.930
Key Levels
167.900, 165.720, 164.130, 162.220, 160.400
Alternative scenario
Recommendation
SELL STOP
Entry Point
164.130
Take Profit
162.220
Stop Loss
164.930