Technical analysis CHFJPY for 25.05.2023
Tenkan-sen and Kijun-sen lines are merged. Both lines are 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 support is the level 153.600. The closest resistance is the level 154.400

Key levels
- 155.100, 154.400, 153.600, 152.925, 152.100
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 153.600, with Take Profit of 154.400 and Stop Loss of 152.925
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 152.925, with Take Profit of 152.100 and Stop Loss of 153.600