Technical analysis CHFJPY for 05.07.2023
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 163.086. The closest support is the level 158.720

Key levels
- 165.470, 163.086, 158.720, 156.330, 153.780
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 163.086, with Take Profit of 165.470 and Stop Loss of 160.970
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 158.720, with Take Profit of 156.330 and Stop Loss of 160.970