USDCHF and USDJPY: USDJPY continues to fall below 148.50

<div><img width="1200" height="600" src="https://www.financebrokerage.com/wp-content/uploads/2023/04/My_project-1_1.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="USDCHF" decoding="async" loading="lazy" /></div><h1><b>USDCHF and USDJPY: USDJPY continues to fall below 148.50</b></h1>
<ul>
<li aria-level="1">During the Asian trading session, USDCHF continued to retreat below the 0.88500 level.</li>
<li aria-level="1">During the Asian trading session, USDJPY failed to hold above the 149.60 level.</li>
</ul>
<h2><b>USDCHF chart analysis</b></h2>
<p>During the Asian trading session, USDCHF continued to retreat below the 0.88500 level. A new November low was formed at the 0.88262 level. The pair remains under pressure in that zone, which would lead to a breakout below and the formation of a new USDCHF low. Potential lower targets are 0.88000 and 0.87800 levels.</p>
<p>For a bullish option, we need a positive consolidation and a return of USDCHF above the 0.88600 level. Then we would have to hold above there in order to form a new bottom there. After that, we can expect to start a <a href="https://www.financebrokerage.com/karat-kat-overview-token-with-bullish-sentiment/">bullish</a> consolidation and start a further recovery. Potential higher targets are 0.88800 and 0.89000 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-241458 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/11/Hd0myP30-1024×620.jpg" alt="USDCHF Chart Analysis" width="1024" height="620" /></p>
<h2><b>USDJPY chart analysis</b></h2>
<p>During the Asian trading session, USDJPY failed to hold above the 149.60 level. A breakout below followed, and a strong bearish impulse brought the pair down to 148.19 levels. We now see a stop to the decline and a slight recovery to the 148.40 level. If we manage to stay above, we will have the opportunity to start the USDJPY recovery and climb to higher levels.</p>
<p>Potential higher targets are 148.60 and 148.80 levels. We need a negative consolidation and a drop below the 148.20 support level for a bearish option. A break below leads to the formation of a new low, and thus, we get confirmation of the bearish option. Potential lower targets are 148.00 and 147.80 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-241459 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/11/LnUqhjH8-1024×620.jpg" alt="USDJPY Chart Analysis" width="1024" height="620" /></p>
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