Connect with us

Hi, what are you looking for?

Smart Success Strategy – Investing and Stock NewsSmart Success Strategy – Investing and Stock News

Economy

USDCHF and USDJPY. USDJPY rose to 158.25 this morning

USDCHF and USDJPY. USDJPY rose to 158.25 this morning

During this morning’s Asian trading session, USDCHF held above the 0.89300 level.
This morning, a new weekly high for USDJPY was formed at the 158.25 level.

USDCHF chart analysis

During this morning’s Asian trading session, USDCHF held above the 0.89300 level. With the start of the EU session, the dollar starts to weaken, and the pair makes a pullback to the 0.89100 support level. We are holding above this support for now and recovering to the 0.89250 level. It is possible that we will see a rise to 0.89400, where we will test the EMA50 moving average. If we manage to stay there, we will be able to test the EMA200 moving average at the 0.89600 level.

Potential higher targets are 0.89800 and 0.89900 levels. For a bearish option, we need to stay below the 0.89300 level. With pressure in that zone, we will be forced to turn to the bearish side again. After that, it is expected that the USDCHF will begin to retreat to lower levels. Potential lower targets are 0.89100 and 0.89000 levels.

 

USDJPY chart analysis

This morning, a new weekly high for USDJPY was formed at the 158.25 level. After that, we stopped there, and a pullback to 157.30 levels was initiated. The pair is now trying to hold there to turn to the bullish side again. We need another positive consolidation and a rise to 157.50 as an initial step. Potential higher targets are 158.00 and 158.50 levels.

We need a continuation of the current bearish consolidation for a bearish option. Coming down to 157.00, we are back to testing the daily open price. With momentum below the 156.75 level, USDJPY will test the weekly open price and the EMA200 moving average. A break below this support will add bearish momentum to continue to the bearish side. Potential lower targets are 156.50 and 156.00 levels.

 

The post USDCHF and USDJPY. USDJPY rose to 158.25 this morning 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

    Editor's Pick

    The energy revolution is here to stay, and electric vehicles (EVs) have become part of the mainstream narrative. Despite geopolitical tensions and uncertainty, the...

    Editor's Pick

    Overview Mexico’s Sinaloa state hosts a number of prolific silver and gold mines, including McEwen Mining’s (TSX:MUX) El Gallo Complex, Americas Gold and Silver’s...

    Editor's Pick

    Uranium is an important energy sector commodity, and its rising value has attracted investor interest. 2023 has seen uranium prices solidly above the important...

    Investing

    A new survey shows that the presidential race between former President Donald Trump and President Biden is thin, but Biden faces a deficit in...

    Disclaimer: smartsuccessstrategy.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 smartsuccessstrategy.com