Technical analysis CHFJPY for 04.10.2023
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below 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 162.380. The closest support is the level 161.350

Key levels
- 164.300, 163.180, 162.380, 161.350, 160.640, 159.930
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 162.380, with Take Profit of 163.180 and Stop Loss of 161.800
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 161.350, with Take Profit of 160.640 and Stop Loss of 161.800