Connect with us

Hi, what are you looking for?

Real Investment StarReal Investment Star

Economy

USDCHF and USDJPY: USDJPY at multi-decade high at 156.85

USDCHF and USDJPY: USDJPY at multi-decade high at 156.85

USDCHF is under pressure until the formation of the weekly high at 0.91569. 
The USDJPY reached a multi-decade high of 156.82. 

USDCHF chart analysis

USDCHF is under pressure until the formation of the weekly high at 0.91569. Yesterday, we saw the first pullback to the 0.91200 level from that left.

During the Asian trading session, we managed to hold above and recover slightly to the 0.91350 level, where we encountered new resistance. From there, today’s bearish consolidation to a new daily low at the 0.90963 level was initiated.

USDCHF broke below the EMA200 moving average, increasing the pressure on the dollar and pushing it lower. By the end of the day, we may see this pair at a new daily and even weekly low.

Potential lower targets are 0.90900 and 0.90800 levels. We need to stabilize above the EMA200 and 0.91200 levels for a bullish option. After that, we have an opportunity to start a positive consolidation and continue this week’s bullish trend. Potential higher targets are 0.91300 and 0.91400 levels.

USDJPY chart analysis

The USDJPY reached a multi-decade high of 156.82. The last time we were there was in May 1990. We started the week at 154.64, and by Wednesday, we saw consolidation with support from the EMA50 moving average. After that, the pair breaks above the 155.00 level and rises to 155.35. On Thursday, we managed to hold that high by forming a new high at the level of 155.65.

This morning’s Asian session brings us fresh excitement and strong momentum above the 156.00 level. The Bank of Japan made the announcement and left interest rates unchanged at 0.10%, prompting the USDJPY to climb to a new multi-year high. So, we continued to a new high of 156.82. Potential higher targets are the 157.00 and 157.20 levels.

The post USDCHF and USDJPY: USDJPY at multi-decade high at 156.85 appeared first on FinanceBrokerage.

Enter Your Information Below To Receive 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!

    You May Also Like

    Editor's Pick

    ERP or Enterprise Resource Planning solutions help businesses of all sizes manage their daily business operations. First used in the 1990s, ERP systems have...

    Investing

    Democratic Gov. Janet Mills on Wednesday vetoed a bill aimed at prohibiting foreign influence in Maine elections, but voters will get the final say...

    Latest News

    There were several reasons offered in support of the congestion pricing plan that was supposed to go into effect in New York at the...

    Latest News

    House Speaker Mike Johnson (R-La.) on Wednesday appointed Reps. Scott Perry (R-Pa.) and Ronny Jackson (R-Tex.), two Trump loyalists who denied the results of...

    Disclaimer: realinvestmentstar.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 realinvestmentstar.com