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

USDCHF and USDJPY: USDCHF manages to recover to 0.88500

by July 29, 2024
written by July 29, 2024

USDCHF and USDJPY: USDCHF manages to recover to 0.88500

During this morning’s Asian trading session, USDCHF stabilized at the 0.88200 level. 
During this morning’s Asian trading session, USDJPY continued with Friday’s consolidation in the 153.00-153.80 range. 

USDCHF chart analysis

During this morning’s Asian trading session, USDCHF stabilized at the 0.88200 level. After that, a bullish consolidation was initiated, and the pair rose to the 0.88558 level, forming a new weekly high there. For now, we have the opposite side, but we are holding slightly below the 0.88450 level. We expect that we will stabilize there and start further recovery.

Potential higher targets are the 0.88600 and 0.88700 levels. Today’s potential is more inclined towards the bullish side. Additional resistance for USDCHF is the EMA 200 moving average at the 0.88700 level. For a bearish option, we need a pullback below the weekly open price of 0.88350. Together, we are descending to the negative side and will have the opportunity to test this week’s low. Potential lower targets are the 0.88100 and 0.88000 levels. 

 

USDJPY chart analysis

During this morning’s Asian trading session, USDJPY continued with Friday’s consolidation in the 153.00-153.80 range. In the 153.80 zone, we have resistance in the EMA 50 moving average. If we fail to move above, the pair could quickly initiate a deeper pullback. A new test of the 153.00 zone would increase pressure on the dollar and send it to a new daily low.

Potential lower targets are the 152.50 and 152.00 levels. For a bullish option, USDJPY must move above the 153.80 level first. After that, it must stabilize there if it plans to start further growth. We then look towards the 154.50 level, our previous high. By visiting that zone, the chances of continuing on the bullish side increase. Potential higher targets are the 155.00 and 155.50 levels.

 

The post USDCHF and USDJPY: USDCHF manages to recover to 0.88500 appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Bitcoin is on track to return to $70,000 this week
next post
Warner Bros. Discovery sues NBA to secure media rights awarded to Amazon

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

Fed’s Stagflation Warning Impacts Crypto Markets

April 21, 2025

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

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

  • ‘Exciting chapter’: Interior Sec takes aim at Biden oil lease ban, ‘coercive’ climate policies in Day 1 orders

    February 4, 2025
  • Art created autonomously by AI can’t be copyrighted, federal appeals court rules

    March 20, 2025
  • Harris re-energizes Black voters in key states, poll finds

    August 18, 2024
  • GREGG JARRETT: Newly declassified documents destroy Russian collusion hoax

    July 24, 2025
  • Who is Daniel ‘Razin’ Caine? Air Force general tapped for top advisor role in Pentagon upheaval

    February 25, 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

  • Gold and Silver: Gold is shining at a new all-time high

    September 13, 2024
  • Frustration at Elon Musk spills over after closed-door House GOP meeting: ‘Fed to the wolves’

    February 25, 2025
  • ICC rejects Israeli appeals, issues arrest warrants for Benjamin Netanyahu, Yoav Gallant

    November 21, 2024

Recent Posts

  • US stocks climb as Fed keeps rates steady, Dow Jones, S&P 500, Nasdaq Composite all gain

    March 19, 2025
  • Trump praised for getting NATO allies to bolster defense spending: ‘really staggering’

    March 13, 2025
  • Mark Milley pardoned: General at center of Afghanistan withdrawal predicted it wouldn’t be a Saigon moment

    January 20, 2025

Editor’s Pick

  • ‘Sanctuary state’: Walz signed law making Minnesota destination for transgender therapies for kids

    August 7, 2024
  • Iran expands weaponization capabilities critical for employing nuclear bomb

    December 20, 2024
  • Trump tax cut plan hits turbulence ahead of House vote as Republicans split

    February 24, 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