• 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 announces to crowd he ‘just took off the last bandage’ at faith event after assassination attempt

    July 27, 2024
  • 401k Rollover to an IRA in a Few Easy Steps

    August 21, 2024
  • Tariffs and weaker beer demand are weighing on Modelo owner Constellation Brands

    July 3, 2025
  • IRS plans to pay 1 million taxpayers up to $1,400. Here’s how to check if you’re eligible.

    December 24, 2024
  • Rubio doubts ‘anything productive’ will happen in Ukraine peace talks without Trump, Putin

    May 15, 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 (5,605)
  • Investing (634)
  • Stock (867)

Latest Posts

  • Blue Origin to lay off 10% of workforce as it ramps up rocket production

    February 14, 2025
  • ‘Just like Trump’: ISIS murder victim Kayla Mueller’s parents endorse Patel for FBI following military op role

    January 28, 2025
  • The great airlift: how Apple ferried 1.5M iPhones from India to the US to beat Trump tariffs

    April 10, 2025

Recent Posts

  • CBDD Stock Analysis: What to Expect in the Coming Years

    September 6, 2024
  • JOE CONCHA: Biden’s disgraceful Oprah-ization of medals that once meant something

    January 5, 2025
  • Brazil’s first lady aims explicit joke at key target of husband’s administration: ‘F–k you, Elon Musk’

    November 20, 2024

Editor’s Pick

  • Israel to strike Lebanon targeting Hezbollah financial assets

    October 20, 2024
  • Nuclear watchdog urges ‘trust but verify’ that Iran engages in good-faith negotiations

    April 23, 2025
  • The Supreme Court must bring gavel down on activist judges hamstringing President Trump

    February 20, 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