USDCHF and USDJPY: USDJPY is holding above the 149.75 level
<div><img width="1200" height="600" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/04/USDCHF.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="USDCHF" decoding="async" loading="lazy" /></div><h1><b>USDCHF and USDJPY: USDJPY is holding above the 149.75 level</b></h1>
<ul>
<li aria-level="1">During the Asian trading session, USDCHF recovered from 0.89238 to 0.89600 levels.</li>
<li aria-level="1">The USDJPY pair remains very high, above the 149.75 level at the beginning of this week.</li>
</ul>
<h2><b>USDCHF chart analysis</b></h2>
<p>During the Asian trading session, USDCHF recovered from 0.89238 to 0.89600 levels. At that level, it encounters <a href="https://www.financebrokerage.com/oil-and-natural-gas-oil-remains-below-resistance-at-72-00/">resistance</a> at the beginning of the EU session, which creates a strong bearish impulse and brings us down to the support zone from the market’s opening last night. If the pressure continues, we will see a breakout below and a visit to last week’s low at the 0.89200 level. Potential lower targets are 0.89000 and 0.88900 levels.</p>
<p>For a bullish option, we need a new positive consolidation from the current support level and a return to the resistance zone around the 0.89600 level. Then, we need a break above it to get rid of the bearish pressure. Potential higher targets are 0.89700 and 0.89800 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-234943 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/10/WSNDPpEz-1024×620.jpg" alt="USDCHF Chart Analysis" width="1024" height="620" /></p>
<h2><b>USDJPY chart analysis</b></h2>
<p>The USDJPY pair remains very high, above the 149.75 level at the beginning of this week. We are still looking at the 150.00 level, expecting to see a break above and continue to the bullish side. A jump above could trigger a rally continuation and form a new three-week high. Potential higher targets are 150.20 and 150.40 levels.</p>
<p>The yen index remains very low, and BoJ intervention could occur, boosting the yen to strength and recovery. For the bearish option USDJPY, we need negative consolidation and a decline to the 149.60 level. There, we would have the opportunity to test the EMA50 moving average. A break below could indicate a further pullback; potential lower targets are the 149.40 and 149.20 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-234946 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/10/jy9eilRo1-1024×620.jpg" alt="USDJPY Chart Analysis" width="1024" height="620" /></p>
<p> </p>
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