Connect with us

Hi, what are you looking for?

Oracle of  Omaha SaysOracle of  Omaha Says

Investing

USDCHF and USDJPY: USDJPY is near breakout above 154.00

USDCHF and USDJPY: USDJPY is near breakout above 154.00

During the Asian trading session, USDCHF held high above the 0.91400 level.
During the Asian trading session, USDJPY broke through last week’s resistance zone at 153.40.

USDCHF chart analysis

During the Asian trading session, USDCHF held high above the 0.91400 level. As we got closer to the EU session, the dollar started to weaken, and we saw a slight pullback to the 0.91200 level. Here, we come across the EMA50 moving average, which provides us with support, not allowing us to fall below its line. We are back above 0.91300, and now we need a continuation of the positive consolidation to move to the bullish side again.

Potential higher targets are 0.91500 and 0.91600 levels. For a bearish option, we need a negative consolidation and pullback below 0.91200 and EMA50. With that, we break through the previous bullish formation and turn to the bearish side. Potential lower targets are 0.91100 and 0.91000 levels.

USDJPY chart analysis

During the Asian trading session, USDJPY broke through last week’s resistance zone at 153.40. After that, we saw a bullish consolidation and a rise to 153.97 levels. We are currently very close to reaching the 154.00 level. Depending on the momentum, we could jump to a new higher high. Potential higher targets are 154.20 and 154.40 levels.

For a bearish option, we need a negative consolidation and a pullback of USDJPY down to the 153.40 support zone. Falling below this level would return us to the movement zone from the end of last week. There, we test the EMA50 moving average, and if we do not get its support, a drop to a new weekly low will follow. Potential lower targets are 153.20 and 153.00 levels.

The post USDCHF and USDJPY: USDJPY is near breakout above 154.00 appeared first on FinanceBrokerage.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.
    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!

    You May Also Like

    Latest News

    A former Republican legislative candidate who traveled to Washington for former President Donald Trump’s ‘Stop the Steal’ rally was arrested Friday and charged with...

    Latest News

    Abbe Lowell, Hunter Biden’s attorney, filed an ethics complaint Friday against Georgia Rep. Marjorie Taylor Green after she displayed censured nude photos of the president’s...

    Stock

    Even as U.S. inflation broadly cools, frozen vegetable prices are hot. The average shelf price for frozen veggies rose by 18% in the past year...

    Latest News

    President Biden has overruled the Pentagon and chosen Adm. Lisa Franchetti to lead the Navy, making her the first woman, if she’s confirmed, to...

    Disclaimer: Oracleofomahasays.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 © 2024 Oracleofomahasays.com