USDCHF and USDJPY: USDJPY is holding above 147.00 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: USDJPY is holding above 147.00 level</b></h1>
<ul>
<li aria-level="1">Pair USDCHF this week was in a bullish consolidation up to 0.89450 level.</li>
<li aria-level="1">On Thursday, we saw the formation of a new high at the 147.87 level.</li>
</ul>
<h2><b>USDCHF chart analysis</b></h2>
<p>Pair USDCHF this week was in a bullish consolidation up to 0.89450 level. After that, we see a pullback to the 0.89000 level and get new support there. We see the beginning of another <a href="https://www.financebrokerage.com/oil-and-natural-gas-oil-remains-bullish-above-80-00/">bullish</a> consolidation, and the pair moves up to the 0.89200 level. If this kind of consolidation continues, we could soon test the previous high. Potential higher targets are 0.89500 and 0.89600 levels.</p>
<p>We need a negative consolidation and pullback of USDCHF below the 0.89000 level for a bearish option. A break below this support could mean that the dollar is weakening, and therefore, the pair should slide to lower support levels. Potential lower targets are 0.88800 and 0.88600 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-225071 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/09/EbFdThKk-1024×620.jpg" alt="USDCHF Chart Analysis" width="1024" height="620" /></p>
<h2><b>USDJPY chart analysis</b></h2>
<p>On Thursday, we saw the formation of a new high at the 147.87 level. This is where we encounter resistance and see a pullback to 146.60 levels this morning. The pair manages to get support at that level and starts with a new positive consolidation. We are now at the 147.38 level, and we could expect to see a move above 147.50 and a continuation to higher levels. Potential higher targets are 148.00 and 148.25 levels.</p>
<p>We need a negative consolidation and a new pullback below the 147.00 level for a bearish option. After that, the pair would be under increased pressure to continue on the bearish side. A break below the 146.60 level and the EMA50 moving average would only worsen the picture for USDJPY. Potential lower targets are 146.25 and 146.00 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-225073 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/09/qGSbSAuq-1024×620.jpg" alt="USDJPY Chart Analysis" width="1024" height="620" /></p>
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