Connect with us

Hi, what are you looking for?

Economy

USDCHF and USDJPY: USDJPY rose to 138.75 level yesterday

USDCHF and USDJPY: USDJPY rose to 138.75 level yesterday

During the Asian trading session, USDCHF was consolidating around the 0.90500 level. Pair USDJPY rose to 138.74 levels yesterday and thus formed a new high of the year.

USDCHF chart analysis

During the Asian trading session, USDCHF was consolidating around the 0.90500 level. The dollar weakened sharply at the start of the EU session, causing USDCHF to fall to the 0.90200 support level. Here we could now get good support and support for the next bullish consolidation and continued growth.

Potential higher targets are 0.90600 and 0.90800 levels. In the US session, we have a speech by Federal Reserve Chair Jerome Powell. His statement about the future steps of the FED could affect the market’s increased volatility.

USDJPY chart analysis

Pair USDJPY rose to 138.74 levels yesterday and thus formed a new high of the year. During the Asian trading session, we see a pullback from that level to the 138.00 level. Currently, the decline is stopped at that level, and we need a continuation of the negative consolidation in order to continue further to the bearish side.

Potential lower targets are 137.50 and 137.00 levels. We need a positive consolidation and a return above the 138.50 level for a bullish option. Then we need to try to keep up there. With a new bullish impulse, we would initiate further growth and the formation of a new high. Potential higher targets are 139.00 and 139.50 levels.

The post USDCHF and USDJPY: USDJPY rose to 138.75 level yesterday appeared first on FinanceBrokerage.

Enter Your Information Below To Receive Free Trading Ideas, 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

    President Biden is asking Congress to approve nearly $100 billion in emergency funding to aid recovery efforts for the recent deadly storms that ravaged...

    Stock

    One hallmark of secular bull markets is rotation. When leading stocks, sectors, and industry groups falter, there needs to be others that grab the...

    Latest News

    Vice President Kamala Harris spent a whopping $1.5 billion during her 15-week campaign that ended in defeat to President-elect Donald Trump, including burning through...

    Latest News

    Activists on Saturday demanded that the state of California pay millions of dollars to each Black resident in reparations as a way to make...



    Disclaimer: Frequencytraders.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 Frequencytraders.com