USDCHF and USDJPY: USDCHF climbed back above the 0.87000

<div><img width="1200" height="600" src="https://www.financebrokerage.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: USDCHF climbed back above the 0.87000</b></h1>
<ul>
<li aria-level="1">The pair USDCHF received support yesterday at the 0.85515 level, and with a bullish impulse, it rose to the 0.87000 level.</li>
<li aria-level="1">Early this morning, we had news from the Bank of Japan that they would leave the interest rate at -0.10%, which led to great market volatility.</li>
</ul>
<h2><b>USDCHF chart analysis</b></h2>
<p>The pair USDCHF received support yesterday at the 0.85515 level, and with a bullish impulse, it rose to the 0.87000 level. During the Asian trading session, we managed to stay in that zone, and with another impulse, it rose to the 0.87365 level.</p>
<p>We are now seeing a slight pullback to 0.87000 from that level, and here we are trying to gain new support. We need a breakthrough above the 0.87500 level and stay above it in order to consolidate at that level. Potential higher targets are 0.87750 and 0.88000 levels.</p>
<p>We need a negative consolidation and a drop to the 0.86500 support level for a <a href="https://www.financebrokerage.com/oil-and-natural-gas-bearish-impulse-is-in-a-trend/">bearish</a> option. Additional support at that level could be the EMA50 moving average. Potential lower targets are 0.86250 and 0.86000 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-215109 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/07/9s4fyzYS-1024×621.jpg" alt="USDCHF Chart Analysis" width="1024" height="621" /></p>
<h2><b>USDJPY chart analysis</b></h2>
<p>Early this morning, we had news from the Bank of Japan that they would leave the interest rate at -0.10%, which led to great market volatility. Oscillations on the chart were up to 300 pips in that hour, and such a picture tells us about the market’s indecision in which direction it will go.</p>
<p>We need a positive consolidation and a move above the 140.00 level for a bullish option. After that, we need to stay up there, and if it succeeds in that intention, we could start a further recovery and rise in USDJPY. Potential higher targets are 140.50 and 141.00 levels.</p>
<p>We need a negative consolidation and a drop to 138.50 levels for a bearish option. After that, the pair would be under a lot of pressure, leading to a continuation of the retreat. Potential lower targets are 138.00 and 137.50 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-215110 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/07/2m0NuDP3-1024×621.jpg" alt="USDJPY Chart Analysis" width="1024" height="621" /></p>
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