USDCHF and USDJPY: USDJPY is getting closer to 140.00

<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: USDJPY is getting closer to 140.00</b></h1>
<ul>
<li aria-level="1">Since the beginning of this week, USDCHF has been in a bearish consolidation.</li>
<li aria-level="1">Yesterday, we saw the USDJPY fall to a five-month low at 140.95.</li>
</ul>
<h2><b>USDCHF chart analysis</b></h2>
<p>Since the beginning of this week, USDCHF has been in a bearish consolidation. We started the week at the 0.88000 level, only to see a drop to the 0.86300 level yesterday. A new five-month low was formed there. After the support at that level, the pair starts with a <a href="https://www.financebrokerage.com/eurusd-and-gbpusd-euro-in-bullish-consolidation-to-1-05400/">bullish consolidation</a> up to the 0.86800 level. During the Asian session, we failed to move more concretely above, which could influence us to start a new pullback.</p>
<p>We are now under pressure to return to the previous support zone. Potential lower targets are 0.86500 and 0.86400 levels. For a bullish option, we need a jump above the 0.86800 level. Then, we would have to hold above that zone if we plan to continue the recovery. Potential higher targets are 0.86900 and 0.87000 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-247644 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/12/2mADs7vt-1024×620.jpg" alt="USDCHF Chart Analysis" width="1024" height="620" /></p>
<h2><b>USDJPY chart analysis</b></h2>
<p>Yesterday, we saw the USDJPY fall to a five-month low at 140.95. The pair managed to hold above, and since then, we have been in a sideways consolidation in the 141.30-142.50 range. During the Asian session, we tried to move above, but it ended in failure. A pullback followed, and the pressure is now on the lower support level. With a breakout below, we would form a new low and confirm the bearish presence.</p>
<p>Potential lower targets are 141.00 and 140.50 levels. We need to go back to testing the 142.50 level for a bullish option. Then, we need to move above and try to stay up there. With a new bullish impulse, we would start a further recovery on the bullish side. Potential higher targets are 143.00 and 143.50 levels.</p>
<p><a href="https://www.tradingview.com/x/vvJlqlF5/"><img decoding="async" loading="lazy" class="aligncenter wp-image-247645 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/12/vvJlqlF5-1024×620.jpg" alt="USDJPY Chart Analysis" width="1024" height="620" /></a></p>
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