Connect with us

Hi, what are you looking for?

The Freedom RightThe Freedom Right

Economy

USDCHF and USDJPY: USDJPY is on the verge to break 150.00

USDCHF and USDJPY: USDJPY is on the verge to break 150.00

For the third week in a row, USDCHF is retreating from this morning’s low at the 0.89028 level.
The pair USDJPY is getting closer to the 150.00 level.

USDCHF chart analysis

For the third week in a row, USDCHF is retreating from this morning’s low at the 0.89028 level. During the Asian trading session, the pair tried to start a recovery but stopped at the 0.89400 level. A bearish impulse and a return to the support zone at the previous low followed this. The dollar remains under pressure, which could lead to a breakout below and the formation of a new low. Potential lower targets are 0.88800 and 0.88600 levels.

We need a new positive consolidation and recovery above the 0.89400 level for a bullish option. Then we would have to try to hold on up there in order to form a new bottom there. The next bullish impulse would trigger a continuation of the recovery to the bullish side. Potential higher targets are 0.89600 and 0.89800 levels. The EMA50 moving average is waiting for us in the zone around the 0.90000 level.

USDJPY chart analysis

The pair USDJPY is getting closer to the 150.00 level. Today’s high is 149.99, and we just missed breaking above. We now see a slight pullback to 149.90 and the possible start of a short-term bearish consolidation. The lower levels we should pay attention to are 149.80 and 149.60. The pair could have additional support in the zone around the 149.60 level in the EMA50 moving average.

We need a positive consolidation and a break above the 150.00 resistance level for a bullish option. Then, we would have to hold up there in order to initiate a further recovery to the bullish side from there. Potential higher targets are 150.20 and 150.40 levels.

 

The post USDCHF and USDJPY: USDJPY is on the verge to break 150.00 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

    Investing

    Vermont Sen. Bernie Sanders, 81, defended President Biden, 80, against voter critiques that he lacks the energy and vigor to continue leading the United...

    Editor's Pick

    By the IoT Analytics team. A new report from IoT Analytics highlights eight notable trends helping to advance and promote digital twins. Four of...

    Stock

    A second delivery driver has died in Texas amid record-high temperatures, just as the regulation of workplace heat safety enters a new legal limbo...

    Investing

    Political advisers to both President Biden and Vice President Harris were reportedly annoyed with Democrat California Gov. Gavin Newsom over a planned debate with...

    Disclaimer: thefreedomright.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 © 2020-2024 The Freedom Right. All Rights Reserved