Technical analysis CHFJPY for 28.11.2023
28.11.2023 01:41
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Red points downwards while blue points upwards. 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 169.580. The closest support is the level 168.200
Key levels
- 170.270, 170.150, 169.580, 168.200, 167.550, 166.710
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 169.580, with Take Profit of 170.150 and Stop Loss of 168.750
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 168.200, with Take Profit of 167.550 and Stop Loss of 168.750
Scenario
Recommendation
BUY STOP
Entry Point
169.580
Take Profit
170.150
Stop Loss
168.750
Key Levels
170.270, 170.150, 169.580, 168.200, 167.550, 166.710
Alternative scenario
Recommendation
SELL STOP
Entry Point
168.200
Take Profit
167.550
Stop Loss
168.750