Connect with us

Hi, what are you looking for?

Economy

USDCHF and USDJPY: USDCHF moves up to 0.88000 level

USDCHF and USDJPY

USDCHF and USDJPY: USDCHF moves up to 0.88000 level

  • During the Asian trading session, USDCHF hovered around the 0.88200 level.
  • During the Asian trading session, USDJPY gains support at the 145.15 level.

USDCHF chart analysis

During the Asian trading session, USDCHF hovered around the 0.88200 level. There was a weakening of the dollar at the beginning of the EU session, and the pair retreated to the 0.87900 level, where it found support. Looking at the previous pullbacks, USDCHF could get new support and start a further recovery above the previous high at the 0.88200 level. Potential higher targets are 0.88400 and 0.88600 levels.

We need a negative consolidation and a drop below the 0.87900 support level for a bearish option. A break below and a hold below could cause me to start a further pullback. We would have additional pressure because the EMA50 moving average would move to the bearish side. Potential lower targets are 0.87600 and 0.87400 levels.

USDCHF chart analysis

USDJPY chart analysis

During the Asian trading session, USDJPY gains support at the 145.15 level. From there, we see the beginning of a bullish consolidation and a rise to 145.95. We are close to reaching the 146.00 level. To continue to the bullish side, we need a break above that level and try to hold above it. If we succeed in that, we will have a good chance to continue further recovery. Potential higher targets are 146.25 and 146.50 levels.

We need a negative consolidation and pullback to the 145.00 support level for a bearish option. Additional support for the dollar at that level is the EMA50 moving average. A break below this support would mean that USDJPY lacks strength, and we will see a pullback to lower levels. Potential lower targets are 144.75 and 144.50 levels.

USDJPY chart analysis

The post USDCHF and USDJPY: USDCHF moves up to 0.88000 level appeared first on FinanceBrokerage.

You May Also Like

Financial News

McCarthy’s Speakership Hangs in the Balance as House Greenlights Stopgap Funding Bill: A Defining Moment Looms In a stunning turn of events, the future...

Financial News

Conservatives Call for GOP Candidates to Step Aside After Second Debate: A Call to Streamline the Republican Race In a surprising turn of events,...

Financial News

Poll Unveils GOP Primary Voters’ Resounding Verdict on Best Republican Debate Performance In the midst of a heated Republican primary race, the GOP primary...

Financial News

Jeffries’ Strategic Maneuver: Outsmarting McCarthy to Avert Shutdown Crisis