Technical analysis CHFJPY for 23.03.2023
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 142.850. The closest resistance is the level 143.450

Key levels
- 144.600, 144.050, 143.450, 142.850, 142.150
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 143.450, with Take Profit of 144.050 and Stop Loss of 142.850
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 142.850, with Take Profit of 142.150 and Stop Loss of 143.450