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

USDCHF and USDJPY: USDJPY in retreat from this morning

by August 16, 2024
written by August 16, 2024

USDCHF and USDJPY: USDJPY in retreat from this morning

Yesterday, we saw a strong bullish impulse in USDCHF to a new weekly high of 0.87486
On Thursday, USDJPY rose to 149.40, a new weekly high

USDCHF chart analysis

Yesterday, we saw a strong bullish impulse in USDCHF to a new weekly high of 0.87486. After that, the pair lost momentum to continue above and initiated a pullback. During this morning’s Asian trading session, we encountered resistance at the 0.87300 level, and a bearish consolidation was initiated from there. The pair continued to slide down to the 0.86815 level in the EU session. Here, for now, we are trying to hold and get support from the EMA 50 moving average.

If we succeed in this, we could see the initiation of a new bullish consolidation. After USDCHF stabilizes above 0.87000, the pair could initiate a recovery to the bullish side. Potential higher targets are 0.87100 and 0.87200 levels. We need a negative consolidation and a drop below the EMA 50 moving average for a bearish option. This will increase the pressure on the pair to continue the retreat. Potential lower targets are 0.86700 and 0.6600 levels.

 

USDJPY chart analysis

On Thursday, USDJPY rose to 149.40, a new weekly high. During this morning’s Asian session, the pair failed to hold up there and initiated a pullback. A new daily low was formed at the 148.60 level, thus strengthening today’s bearish momentum. The pressure on USDJPY is increasing, and we expect to see a further pullback to a new daily low soon. Potential lower targets are 148.50 and 148.00 levels.

EMA200 could stop the bearish trend at the 147.80 level. For a bullish option, we need a positive consolidation and a return above the 149.00 level. After that, we need to stabilize there in order to try to get back above the daily open price of 149.30. If we succeed, the pair could test this week’s high and form a new one. Potential higher targets are 149.50 and 150.00 levels.

 

The post USDCHF and USDJPY: USDJPY in retreat from this morning appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
CTNT Stock Alert: Must-Know Details on Cheetah Net Supply
next post
AUDUSD and AUDNZD: AUDUSD near new weekly high

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

  • Dems drop $20M on bizarre ‘American men’ strategy plan study in effort to dig out of 2024 political hole

    May 27, 2025
  • US stocks slip in the red on Monday: Dow down 100 points, S&P drops 0.5%

    May 19, 2025
  • Stock Market Crash 2024: Warren Buffett Indicator

    July 16, 2024
  • USDCAD and USDCNH: USDCAD is under heavy pressure

    August 15, 2024
  • Harris to name VP by next week, kick off battleground state tour together: report

    July 30, 2024

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

  • TD Cowen downgrades Molson Coors, lowers price target to $58: Is it time to exit?

    August 7, 2024
  • Boeing would avoid guilty plea, prosecution over 737 Max crashes in possible DOJ deal

    May 17, 2025
  • President Trump announces multiple judicial nominees, accuses court system of blocking him from doing his job

    May 7, 2025

Recent Posts

  • House GOP celebrates ‘big win’ after preventing creation of new global advertising coalition

    October 24, 2024
  • Iran’s cyber strike on Trump campaign: Stefanik slams FBI for ‘election interference’ to aid Dems

    October 29, 2024
  • Israel launches new ground operation in Gaza

    March 19, 2025

Editor’s Pick

  • Trump announces $20B investment by Emirati billionaire Hussain Sajwani, boosting AI and crypto growth

    January 7, 2025
  • Dollar index in anticipation of NFP and unemployment report

    September 6, 2024
  • House Republican campaign arm touts ‘unstoppable momentum’ with record fundraising haul

    April 15, 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