• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Economy

USDCHF and USDJPY: The USDJPY dropped to a new low

by July 19, 2024
written by July 19, 2024

USDCHF and USDJPY: The USDJPY dropped to a new low 

On Thursday morning, the USDCHF pair retreated to the 0.88200 support level. 
On Thursday, USDJPY formed a new July low at the 155.36 level. 

USDCHF chart analysis

On Thursday morning, the USDCHF pair retreated to the 0.88200 support level. A new weekly high was formed there, after which we got that support and stopped the further retreat. The pair initiates a new bullish consolidation from there and recovers to the 0.88980 level this morning. We now have support from the EMA 50 moving average and hope for a further bullish move.

Potential higher targets are 0.89000 and 0.89200 levels. Additional resistance at the 0.89200 level could be found in the EMA 200 moving average. For a bearish option, we need a negative consolidation and pullback of USDCHF below EMA 50 and 0.88600 levels. Thus, we move below the daily open price and move to the bearish side. The pair will be under more pressure to continue with further declines. Potential lower targets are 0.88400 and 0.88200 levels.

 

USDJPY chart analysis

On Thursday, USDJPY formed a new July low at the 155.36 level. After that, we managed to consolidate there and start the recovery. The pair returned above the EMA 50 moving average and the 157.00 level already in the afternoon hours. With new support this morning during the Asian session, we were looking at a continuation to the bullish side all the way to the 157.85 level. We stopped there for now and are currently consolidating at the 157.20 level.

Here, we retest the EMA 50 moving average and hope for its support to continue on the bullish side. Potential higher targets are 158.00 and 158.20 levels. We need a negative consolidation and pullback of USDJPY below the 157.00 level for a bearish option. This turns us to the bearish side, and we can expect to see further pullback. Potential lower targets are 156.50 and 156.00 levels.

 

The post USDCHF and USDJPY: The USDJPY dropped to a new low appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Oil and natural gas: Oil is once again in a support zone
next post
Ethereum price is in a bearish trend for the third day

related articles

Oil Prices Rebound After Trump’s Criticism of Powell

April 22, 2025

Trump’s Fed Criticism Sparks Investor Concerns

April 22, 2025

Buy Bitcoin Under $100K Before The Next Bull...

April 22, 2025

BNB Price Surge Leads Crypto Gains as Bitcoin...

April 21, 2025

Bitcoin Slips to $83.6K Amid Nvidia’s $5.5B Charge

April 21, 2025

Fed’s Stagflation Warning Impacts Crypto Markets

April 21, 2025

Gold Price Surge Hits $3,385 Amid Trade Tensions

April 21, 2025

Bitcoin Rebounds to $83,404 Amid Renewed Investor Confidence

April 21, 2025

Memecoins, AI, and DeFi Tokens Lead Crypto Rebound

April 21, 2025

Bitcoin Nears $85K Amid Market Optimism

April 21, 2025
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!

Latest News

  • Trump cuts off federal resources for law firm that helped fuel 2016 Russia hoax

    March 7, 2025
  • DAVID MARCUS: Trump’s tariff triumph big step for America’s comeback

    April 10, 2025
  • Starbucks union announces strike to last through Christmas Eve in 3 major cities

    December 20, 2024
  • Putin lashes out at West over Ukrainian incursion into Russian territory: report

    August 13, 2024
  • Fired NLRB commissioner asks federal judge for reinstatement

    March 5, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,602)
  • Investing (634)
  • Stock (867)

Latest Posts

  • Sprint to confirm Trump nominees kicks off in January

    November 20, 2024
  • John Fetterman reveals how he’ll vote on Trump’s Tulsi Gabbard and RFK Jr. nominations

    February 7, 2025
  • EXCLUSIVE: House Freedom Caucus chair urges Johnson to change course on Senate version of Trump budget bill

    April 7, 2025

Recent Posts

  • Intelligence agency classifies country’s popular Alternative for Germany party as ‘extremist’

    May 2, 2025
  • EPA terminates Biden admin’s green grants worth $20B, Zeldin says

    March 12, 2025
  • Trump to be sworn in on Bible given to him by his mother, and the Lincoln Bible

    January 19, 2025

Editor’s Pick

  • Israel reimposes blockade of northern Gaza, including capital Gaza City

    March 20, 2025
  • Federal department cafeteria empty for years under Biden: source

    February 21, 2025
  • Watchdog finds ‘no evidence’ Biden knew of crucial climate EOs, demands answers on who signed autopen

    May 28, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.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 © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock