Connect with us

Hi, what are you looking for?

Income Innovator HubIncome Innovator Hub

Economy

USDCHF and USDJPY: USDJPY falls to a ten-day low

USDCHF and USDJPY: USDJPY falls to a 10-day low

During this morning’s Asian session, USDCHF continued to pull back to the 0.86159 support level
During this morning’s Asian trading session, USDJPY made a fresh pullback all the way to the 145.18 level

USDCHF chart analysis

During this morning’s Asian session, USDCHF continued to pull back to the 0.86159 support level. In the following hours, the pair consolidated and started a recovery to the 0.86500 level. We now need a continuation to 0.86620 to break the daily open price. By returning above, we will be on the positive side again, and the chances of further recovery will increase. The pair at 0.86675 has resistance in the EMA 200 moving average and needs a break above for further recovery.

If USDCHF manages to move above, it will have an opportunity to start a further recovery. Potential higher targets are 0.86800 and 0.87000 levels. For a bearish option, negative consolidation and a return to the 0.862000 zone are needed. This puts pressure on the weekly low, reinforcing the bearish momentum. Potential lower targets are 0.86000 and 0.85800 levels.

 

USDJPY chart analysis

During this morning’s Asian trading session, USDJPY made a fresh pullback all the way to the 145.18 level. After the formation of a new low, the pair started a recovery and has now returned to the 146.50 level. We have bullish momentum, which could trigger a further continuation to the bullish side. Potential higher targets are 147.00 and 147.50 levels. By returning to 147.50, we will reach the daily open price. The additional resistances in that zone are the EMA 50 and EMA 200 moving averages.

With a pre-relaxation above them, the pair would erase this morning’s losses and return to the positive side. For a bearish option, we need a negative consolidation and pullback below 146.00 to start. With these steps, we are strengthening the bearish momentum and putting pressure on the USDJPY to continue its retreat. Potential lower targets are 145.50 and 145.00 levels.

 

The post USDCHF and USDJPY: USDJPY falls to a ten-day low appeared first on FinanceBrokerage.

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

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.
    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

    Editor's Pick

    Source: Ark Invest / Instagram ARK Investment Management, led by prominent investor Cathie Wood, has reduced its holdings in the Grayscale Bitcoin Trust (GBTC)...

    Latest News

    A super PAC that has overseen much of Ron DeSantis’s presidential operation has fired its CEO less than two weeks after the previous chief...

    Stock

    Popeyes is expanding its menu beyond chicken sandwiches — and it’s a permanent change this time. The fast-food chain announced Wednesday it’s adding five...

    Latest News

    WINDHAM, N.H. — It’s pouring rain Saturday morning as New Hampshire Gov. Chris Sununu (R) arrives at Mary Ann’s diner in Windham, fielding calls...

    Disclaimer: Incomeinnovatorhub.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 incomeinnovatorhub.com