Technical analysis CHFJPY for 28.11.2023
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