Technical analysis CHFJPY for 04.01.2024
04.01.2024 01:02
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 is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 169.580. The closest support is the level 168.200
Key levels
- 170.720, 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 168.840
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 168.200, with Take Profit of 167.550 and Stop Loss of 168.840
Scenario
Recommendation
BUY STOP
Entry Point
169.580
Take Profit
170.150
Stop Loss
168.840
Key Levels
170.720, 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
168.840