USDCHF and USDJPY: USDCHF moves up to 0.88000 level

<div><img width="1200" height="600" src="https://www.financebrokerage.com/wp-content/uploads/2023/04/My-project-1-19.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="USDCHF and USDJPY" decoding="async" loading="lazy" /></div><h1><b>USDCHF and USDJPY: USDCHF moves up to 0.88000 level</b></h1>
<ul>
<li aria-level="1"><span>During the Asian trading session, USDCHF hovered around the 0.88200 level.</span></li>
<li aria-level="1"><span>During the Asian trading session, USDJPY gains support at the 145.15 level.</span></li>
</ul>
<h2><b>USDCHF chart analysis</b></h2>
<p><span>During the Asian trading session, USDCHF hovered around the 0.88200 level. There was a weakening of the <a href="https://www.financebrokerage.com/the-dollar-index-closes-the-week-at-the-103-50-level/">dollar</a> at the beginning of the EU session, and the pair retreated to the 0.87900 level, where it found support. Looking at the previous pullbacks, USDCHF could get new support and start a further recovery above the previous high at the 0.88200 level. Potential higher targets are 0.88400 and 0.88600 levels.</span></p>
<p><span>We need a negative consolidation and a drop below the 0.87900 support level for a bearish option. A break below and a hold below could cause me to start a further pullback. We would have additional pressure because the EMA50 moving average would move to the bearish side. Potential lower targets are 0.87600 and 0.87400 levels.</span></p>
<p><img decoding="async" loading="lazy" class="alignnone size-large wp-image-219935" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/USDCHF-chart-analysis-1-1-1024×619.jpg" alt="USDCHF chart analysis" width="1024" height="619" /></p>
<h2><b>USDJPY chart analysis</b></h2>
<p><span>During the Asian trading session, USDJPY gains support at the 145.15 level. From there, we see the beginning of a bullish consolidation and a rise to 145.95. We are close to reaching the 146.00 level. To continue to the bullish side, we need a break above that level and try to hold above it. If we succeed in that, we will have a good chance to continue further recovery. Potential higher targets are 146.25 and 146.50 levels.</span></p>
<p><span>We need a negative consolidation and pullback to the 145.00 support level for a bearish option. Additional support for the dollar at that level is the EMA50 moving average. A break below this support would mean that USDJPY lacks strength, and we will see a pullback to lower levels. Potential lower targets are 144.75 and 144.50 levels.</span></p>
<p><img decoding="async" loading="lazy" class="alignnone size-large wp-image-219936" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/USDJPY-chart-analysis-1-1-1024×619.jpg" alt="USDJPY chart analysis" width="1024" height="619" /></p>
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