Technical analysis CHFJPY for 04.01.2024
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