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

USDCHF and USDJPY: USDJPY is using a new support to recover

by September 2, 2024
written by September 2, 2024

USDCHF and USDJPY: USDJPY is using a new support to recover

During this morning’s Asian trading session, USDCHF encountered resistance at the 0.85100 level
During this morning’s Asian trading session, USDJPY behaved a little unpredicted

USDCHF chart analysis

During this morning’s Asian trading session, USDCHF encountered resistance at the 0.85100 level. We saw a slight pullback to the 0.84850 level. New support at that level brought us back above the EMA 20 and within reach of the 0.85000 level. We need stronger bullish momentum for a more concrete move above a new daily high. Potential higher targets are the 0.85200 and 0.85300 levels.

For a bearish option, we need a negative consolidation and a drop below the 0.84800 level. We then move below the EMA 50 moving average, and it moves to the bearish side. USDCHF would then have to start a retreat and hit a new lower support level. Potential lower targets are 0.84700 and 0.84600 levels. Today is a holiday in the US, and we expect a decrease in market volume.

 

USDJPY chart analysis

During this morning’s Asian trading session, USDJPY behaved a little unpredicted. First, we saw a jump to 146.60, then a pullback to 145.80. Soon, we got new support at that level and started a new bullish consolidation. This consolidation broke the previous high and formed a new one at 146.85. We are currently pausing there and pulling back slightly to 146.65. We expect the pair to get new support soon and start a continuation of the recovery on the bullish side.

Potential higher targets are 147.00 and 147.20 levels. For a bearish option, USDJPY would have to pull back to the 146.20 daily open price. The inability to hold there will lead to the initiation of bearish consolidation and testing of the Asian low. New pressure on that zone could influence us to slide below to a new low and thus confirm that the USDJPY is retreating. Potential lower targets are 145.60 and 145.40 levels.

 

The post USDCHF and USDJPY: USDJPY is using a new support to recover appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
AUDUSD and AUDNZD: AUDUSD is gaining support at  EMA 200
next post
Ethereum remained under pressure at the start of this week

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

  • Trump says national security concerns in Nippon-U.S. Steel deal can be resolved

    June 15, 2025
  • Macy’s turnaround hinges on revamping some stores and closing others. It appears to be working.

    March 7, 2025
  • Dem heard screaming at colleagues despite Schumer’s unity claim as shutdown looms

    March 13, 2025
  • Trump eyes Abraham Accords expansion, Gaza rebuild with Netanyahu meeting on deck

    February 4, 2025
  • Who is Steve Ricchetti, the longtime Biden confidante questioned in Comer’s cover-up probe?

    July 30, 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 (5,603)
  • Investing (634)
  • Stock (867)

Latest Posts

  • White House reveals Biden’s final list of clemency for nearly 2,5000 people, setting new presidential record

    January 18, 2025
  • Senate Majority Leader Thune says this is the reason why he and Trump are working well together

    February 14, 2025
  • New poll shows where Trump stands 10 weeks into his second tour of duty in the White House

    March 31, 2025

Recent Posts

  • Tennessee man charged with threatening to assassinate Biden, Harris and Obama in online posts

    August 24, 2024
  • Michael Bloomberg becomes 2nd largest Harris donor behind George Soros: Report

    October 29, 2024
  • DOGE reps launch meetings with federal staffers in effort to cut government waste: report

    January 10, 2025

Editor’s Pick

  • Booker concludes record 25-hour speech against Trump, Musk, marking the longest ever on the Senate floor

    April 2, 2025
  • ApeCoin and Akita Inu: Akita Inu falls to a new lower low

    August 27, 2024
  • Putin signs revised doctrine lowering threshold for nuclear response if Russia is attacked

    November 19, 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