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

USDCHF and USDJPY: USDJPY falls to a ten-day low

by August 19, 2024
written by August 19, 2024

USDCHF and USDJPY: USDJPY falls to a 10-day low

During this morning’s Asian session, USDCHF continued to pull back to the 0.86159 support level
During this morning’s Asian trading session, USDJPY made a fresh pullback all the way to the 145.18 level

USDCHF chart analysis

During this morning’s Asian session, USDCHF continued to pull back to the 0.86159 support level. In the following hours, the pair consolidated and started a recovery to the 0.86500 level. We now need a continuation to 0.86620 to break the daily open price. By returning above, we will be on the positive side again, and the chances of further recovery will increase. The pair at 0.86675 has resistance in the EMA 200 moving average and needs a break above for further recovery.

If USDCHF manages to move above, it will have an opportunity to start a further recovery. Potential higher targets are 0.86800 and 0.87000 levels. For a bearish option, negative consolidation and a return to the 0.862000 zone are needed. This puts pressure on the weekly low, reinforcing the bearish momentum. Potential lower targets are 0.86000 and 0.85800 levels.

 

USDJPY chart analysis

During this morning’s Asian trading session, USDJPY made a fresh pullback all the way to the 145.18 level. After the formation of a new low, the pair started a recovery and has now returned to the 146.50 level. We have bullish momentum, which could trigger a further continuation to the bullish side. Potential higher targets are 147.00 and 147.50 levels. By returning to 147.50, we will reach the daily open price. The additional resistances in that zone are the EMA 50 and EMA 200 moving averages.

With a pre-relaxation above them, the pair would erase this morning’s losses and return to the positive side. For a bearish option, we need a negative consolidation and pullback below 146.00 to start. With these steps, we are strengthening the bearish momentum and putting pressure on the USDJPY to continue its retreat. Potential lower targets are 145.50 and 145.00 levels.

 

The post USDCHF and USDJPY: USDJPY falls to a ten-day low appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Bitcoin fails to stabilize which triggers another pullback
next post
Ethereum price has returned to the support zone again

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

  • Biden chief of staff gave reportedly gave approval for autopen pardons on final day in office

    July 14, 2025
  • Inflation in China: Impacts and Expectations

    July 10, 2024
  • MARK HALPERIN: 5 truths Republicans and Democrats should know to be ready to accept the election results

    October 24, 2024
  • Fed Governor Christopher Waller sees central bank ‘getting closer’ to an interest rate cut

    July 17, 2024
  • Elon Musk’s X nears settlement with Amazon’s Twitch in ad boycott lawsuit

    April 9, 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 (5,785)
  • Investing (634)
  • Stock (893)

Latest Posts

  • Iran condemns Austria over report on advanced nuclear weapons program

    May 31, 2025
  • Crypto News: Key Developments in Trump’s First Week

    January 24, 2025
  • Biden-Harris admin accused of ‘too little, too late’ to save the people of war-torn, famine-stricken Sudan

    October 14, 2024

Recent Posts

  • Eli Manning says ‘only one team’ he’d take an ownership stake in: The New York Giants

    January 7, 2025
  • Musk has ‘no business’ in Pentagon, Dems say amid report he’d get top secret China briefing

    March 21, 2025
  • Wall Street rallies as inflation concerns ease; Nvidia, Tesla, and Arm lead gains

    February 14, 2025

Editor’s Pick

  • Emmanuel Macron calls ’emergency meeting’ for European leaders to discuss Trump: report

    February 16, 2025
  • Ethereum goes sideways on Wednesday above $2600

    September 25, 2024
  • EUR/USD & EUR/GBP: Key Support Levels Under Pressure

    November 15, 2024
  • 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