USDCHF and USDJPY: USDCHF retreated below the 0.86000

<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: USDCHF retreated below the 0.86000</b></h1>
<ul>
<li aria-level="1">A weak dollar caused USDCHF to fall to the 0.85650 level.</li>
<li aria-level="1">During the Asian trading session, USDJPY fell to 137.22 level.</li>
</ul>
<h2><b>USDCHF chart analysis</b></h2>
<p>A weak dollar caused USDCHF to fall to the 0.85650 level. All week we have seen a bearish trend for the dollar from 0.89150 to 0.85650, this morning&#8217;s low. In the last few hours, the pair managed to slow down the decline and is now trying to consolidate above the 0.85600 level. If it succeeds in this, USDCHF could trigger a bullish option.</p>
<p>We need a rise above 0.86000 and try to hold above there. After that, we could expect to see a recovery. Potential higher targets are 0.86500 and 0.87000 levels. For a bearish option, we need a continuation of the negative <a href="https://www.financebrokerage.com/apecoin-and-akita-inu-a-slight-recovery-and-consolidation/">consolidation</a> and a drop to the 0.85600 level. A break below would signal a further decline in USDCHF. Potential lower targets are 0.85250 and 0.85000 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-211764 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/07/YMDVDEc4-1024×621.jpg" alt="USDCHF Chart Analysis" width="1024" height="621" /></p>
<h2><b>USDJPY chart analysis</b></h2>
<p>During the Asian trading session, USDJPY fell to 137.22 level. We managed to hold above that level and initiate a bullish consolidation. The pair is now at 138.50 and slowly pulling out of the bearish embrace. The next important target is the 139.00 level, and we need a break above it to continue on the bullish side. Potential higher targets are $139.50 and $140.00 levels.</p>
<p>We need a negative consolidation and pullback below the 138.00 level for a bearish option. After that, the pair would be directed again towards the previous support level at 137.22. Increased pressure would lead to a breakout below and the formation of a new lower low. Potential lower targets are 137.00 and 136.50 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-211769 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/07/GN62pYJt-1024×621.jpg" alt="USDJPY Chart Analysis" width="1024" height="621" /></p>
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