Technical analysis CHFJPY for 17.08.2023
The Tenkan-sen line is located above the Kijun-sen line. 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 resistance is the level 166.950. The closest support is the level 165.250

Key levels
- 169.210, 166.950, 165.250, 162.800, 160.480
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 166.950, with Take Profit of 169.210 and Stop Loss of 166.300
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 165.250, with Take Profit of 162.800 and Stop Loss of 166.300