USDCHF and USDJPY: USDCHF returns to the 0.87700 level
- During the Asian trading session, the pair USDCHF moved around the 0.87700 level.
- During the Asian trading session, USDJPY hovered around 144.80 levels.
USDCHF chart analysis
During the Asian trading session, the pair USDCHF moved around the 0.87700 level. Yesterday, there was a pullback to the 0.87000 level, but the dollar recovered quickly, and we managed to go back up. We are now moving in the 0.87600-0.87700 range and expect to see a break above and further growth. Potential higher targets are 0.87800 and 0.87900 level.
We need a negative consolidation and pullback below the 0.87600 support level for a bearish option. After that, we could expect USDCHF to fall and visit lower support levels. Potential lower targets are 0.87500 and 0.87400 levels. The dollar could find additional support at 0.87400 in the EMA50 moving average.
USDJPY chart analysis
During the Asian trading session, USDJPY hovered around 144.80 levels. Yesterday’s high was at the 144.89 level; after that, we saw this slight pullback. The pair remains very high and could soon reach the 145.00 level. It is also possible that we will see a break above and a continuation to the bullish side. Potential higher targets are 145.25 and 145.50 levels.
We need a negative consolidation and USDJPY pullback to 144.50 levels for a bearish option. Then we need a break below for continued bearish. Potential lower targets are $144.00 and $143.50 levels. We could get stronger support at the 143.00 level because there we have the EMA50 moving average.
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