Connect with us

Hi, what are you looking for?

Oracle of  Omaha SaysOracle of  Omaha Says

Investing

USDCHF and USDJPY: USDJPY at new multi-year high of 153,30

USDCHF and USDJPY: USDJPY at new multi-year high of 153,30

We saw a strong bullish impulse on the USDCHF chart on Wednesday following the US inflation announcement.
This week, we have seen a clear bullish trend in the USDJPY. 

USDCHF chart analysis

We saw a strong bullish impulse on the USDCHF chart on Wednesday following the US inflation announcement. Positive data for the dollar pushed this pair from 0.90300 up to 0.91476 levels. After that, we moved in that zone for some time, only to see a pullback to new support at the 0.80800 level yesterday. During the Asian trading session, the pair moves above 0.90900 and consolidates there.

Then, with a new bullish impulse, we start with a positive consolidation and grow to the 0.91300 level. We can expect further continuation to the bullish side. Potential higher targets are 0.91400 and 0.91500 levels. We need a negative consolidation and pullback to this morning’s support at 0.90900 for a bearish option. Falling below that level would increase the negative pressure on USDCHF, and we could expect to see a new daily low. Potential lower targets are 0.90800 and 0.90700 levels.

USDJPY chart analysis

This week, we have seen a clear bullish trend in the USDJPY. On Wednesday, we broke above the 152.00 level and climbed above the 153.00 level. We spent yesterday consolidating in the 152.80-153.20 range. During this morning’s Asian trading session, we are again climbing above 153.20 and rising to a new high at the 153.38 level. We are now at 153.33 and could see new momentum above for a new weekly high.

Potential higher targets are 153.40 and 153.60 levels. For a bearish option, we need a return below the 153.00 level. In that zone, we encounter the EMA50 moving average. Falling below it will increase the bearish pressure to continue on the bearish side. Potential lower targets are 152.80 and 152.60 levels. EMA200 remains low at 152.20 level.

 

The post USDCHF and USDJPY: USDJPY at new multi-year high of 153,30 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