Connect with us

Hi, what are you looking for?

Deluxe Investment Group – Investing and Stock NewsDeluxe Investment Group – Investing and Stock News

Economy

USDCHF and USDJPY: USDJPY remains high at the 146.50 level

USDCHF and USDJPY: USDJPY remains high at the 146.50 level

During the Asian trading session, USDCHF continued to retreat to the 0.88250 level.
During the Asian trading session, the pair USDJPY continued to move around the 146.50 level.

USDCHF chart analysis

During the Asian trading session, USDCHF continued to retreat to the 0.88250 level. We get support there and recover to the 0.88455 level. We are now consolidating in that range and trying to find new support to trigger further recovery. We need a break above the 0.88500 resistance level and hold up there. Potential higher targets are 0.88600 and 0.88700 levels.

We need a negative consolidation and a fall of USDCHF below the 0.88200 level for a bearish option. After that, we look at the 0.88000 level as the next support. Additional support for the dollar at that level is in the EMA50 moving average. Potential lower targets are 0.87800 and 0.87600 levels.

USDJPY chart analysis

During the Asian trading session, the pair USDJPY continued to move around the 146.50 level. It is very possible that we will soon see a break above and a continuation towards the $147.00 level. This would form a new nine-month high. Potential higher targets are 147.25 and 147.50 levels.

We need a negative consolidation and pullback below the 146.25 level for a bearish option. After that, we would be very close to testing the 146.00 support level. A break below would mean the pair could initiate a stronger pullback. Potential lower targets are 145.50 and 145.00 levels. Additional support is in the EMA50 moving average at the 145.50 level.

 

The post USDCHF and USDJPY: USDJPY remains high at the 146.50 level 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

    Latest News

    Florida Gov. Ron DeSantis (R) needs a massive infusion of cash in the next two months of the Republican presidential primary race to help...

    Editor's Pick

    ERP or Enterprise Resource Planning solutions help businesses of all sizes manage their daily business operations. First used in the 1990s, ERP systems have...

    Latest News

    A week ago, a Jan. 6 defendant was arrested near Barack Obama’s in D.C. with what the government says was a machete, two guns...

    Latest News

    The United States could be on track for a Joe Biden-Donald Trump rematch in 2024, but it’s the president’s son Hunter Biden who earned...

    Disclaimer: Deluxeinvestmentgroup.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 © 2023 deluxeinvestmentgroup.com