Connect with us

Hi, what are you looking for?

Alive Business PlanAlive Business Plan

Economy

USDCHF and USDJPY: USDJPY is climbing to 146.00 levels

USDCHF and USDJPY: USDJPY is climbing to 146.00 levels

USDCHF continues this week’s bullish consolidation.
During the Asian trading session, USDJPY continued bullish consolidation, moving up to 146.00 levels.

USDCHF chart analysis

USDCHF continues this week’s bullish consolidation. Yesterday, we had a pullback to the 0.87600 level, where we quickly got support and started a new bullish recovery. During the Asian trading session, the pair continued to rise to 0.88650 levels. Potential higher targets are 0.88800 and 0.89000 levels.

We need a negative consolidation and pullback below the 0.88600 support level for a bearish option. A fall below it could be the start of a new larger decline in USDCHF. Potential lower targets are 0.88400 and 0.88200 levels. Additional support for USDCHF is in the EMA50 moving average in the zone around the 0.88000 level.

USDJPY chart analysis

During the Asian trading session, USDJPY continued bullish consolidation, moving up to 146.00 levels. This week’s high was at the 146.56 level, and if this kind of consolidation continues, we could soon test the previous high. Potential higher targets are 146.75 and 147.00 levels.

We need a negative consolidation and pullback to the 145.50 support level for a bearish option. Additional support in that zone is in the EMA50 moving average. A break below would mean the dollar starts to weaken, and therefore, the USDJPY would begin a retreat to the next lower support. Potential lower targets are 145.00 and 144.50 levels.

The post USDCHF and USDJPY: USDJPY is climbing to 146.00 levels appeared first on FinanceBrokerage.

Enter Your Information Below To Receive Latest News, And Articles.



    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Latest News

    Donald Trump’s defense attorneys Wednesday asked the federal judge handling the government’s classified documents case to allow the former president and his legal team...

    Latest News

    Decrying what he saw as the liberal bias of ChatGPT, Elon Musk earlier this year announced plans to create an artificial intelligence chatbot of...

    Latest News

    One of the newest judges on the Fulton County Superior Court bench, Scott McAfee, has been assigned the sprawling racketeering case that charges former...

    Latest News

    LIVE OAK, Fla. — President Biden traveled to Florida on Saturday to survey the damage caused by Hurricane Idalia, part of a storm response...



    Disclaimer: alivebusinessplan.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 alivebusinessplan.com