The present disclosure is directed to a touch panel and a method of locating a touch point. An insulating layer is disposed between a first insulating substrate and a second insulating substrate. A first conductive film with anisotropic impedance is disposed between the first insulating substrate and the insulating layer, and a second conductive film with anisotropic impedance is disposed between the insulating layer and the second insulating substrate. Multiple first pads are disposed on a peripheral region of the first conductive film along a first direction, and multiple second pads are disposed on a peripheral region of the second conductive film along a second direction. The first conductive film has least impedance along the second direction, and the second conductive film has least impedance along the first direction.