USDCHF and USDJPY: USDJPY pulled back to the 141.00 level
During the Asian trading session, USDCHF continued to move sideways around the 0.86500 level.
During the Asian trading session, the pair USDJPY consolidated around 141.50 levels.
USDCHF chart analysis
During the Asian trading session, USDCHF continued to move sideways around the 0.86500 level. Now, we see increased pressure on the dollar, which could push this pair to lower levels. We are slowly moving below the EMA50 moving average. This could further pressure the USDCHF and send it lower. Potential lower targets are the 0.86400 and 0.86300 levels.
We need a positive consolidation and a jump to the 0.86800 level for a bullish option. In this way, we would skip the EMA50 and turn the picture in bullish favor. Potential higher targets are 0.86900 and 0.8700 levels. Good support at the 0.87000 level could influence the further recovery and growth of this pair.
USDJPY chart analysis
During the Asian trading session, the pair USDJPY consolidated around 141.50 levels. After that, we see a breakout below and a pullback to the 141.10 level. If this trend continues, USDJPY could soon test the 141.00 support level. Potential lower targets are 140.50 and 140.00 levels.
We need a positive consolidation and a return to the 141.50 level for a bullish option. Then, we need to maintain ourselves up there in order to generate a new impulse and start a further recovery. Potential higher targets are 142.00 and 142.50 levels.
Very important news for this currency pair awaits us on Friday when the Bank of Japan will publish a report on the future interest rate and how monetary policy will be conducted in the coming period.
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