USDCHF and USDJPY: USDJPY is testing support at 150.00

<div><img width="1200" height="600" src="https://6ztkp25f.tinifycdn.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 testing support at 150.00</b></h1>
<ul>
<li aria-level="1">The USDCHF pair jumped to 0.91126 levels on Wednesday, forming a new three-week high.</li>
<li aria-level="1">The USDJPY pair is in retreat after Wednesday&#8217;s jump to 151.72 levels.</li>
</ul>
<h2><b>USDCHF chart analysis</b></h2>
<p>The USDCHF pair jumped to 0.91126 levels on Wednesday, forming a new three-week high. There was a pause at that level, and the pair started to pull back, descending to the 0.90200 support level. In that zone, we get new support in the form of the EMA50 <a href="https://www.financebrokerage.com/moving-average-envelopes-how-to-use/">moving average</a>, and the pair recovers to the 0.90500 level.</p>
<p>During the previous Asian trading session, we stayed in that zone only to see a bearish impulse and pullback to the 0.90400 level in the previous hour.</p>
<p>We are again approaching the EMA50 moving average, expecting it to stop this pullback. Potential lower targets are 0.90200 and 0.90000 levels.</p>
<p>For a bullish option, we need a positive consolidation and a new jump above the 0.90600 level. Then, we would have to hold ourselves up there so that we could start further recovery. Potential higher targets are 0.90800 and 0.91000 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-238045 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/11/b5U4PqhC-1024×620.jpg" alt="USDCHF Chart Analysis" width="1024" height="620" /></p>
<h2><b>USDJPY chart analysis</b></h2>
<p>The USDJPY pair is in retreat after Wednesday&#8217;s jump to 151.72 levels. The muted pressure to break above caused the pair to pull back, dropping to the 149.85 support level yesterday.</p>
<p>We found support at that level and recovered during the Asian session to the 150.50 level. We failed to continue further recovery and now see a new pullback to the 150.20 level. Increased bearish pressure could influence us to continue the decline.</p>
<p>Potential lower targets are 150.00 and 149.80 levels. For a bullish option, we need a positive consolidation and recovery above the 150.60 level.</p>
<p>We would also get support in the EMA50 moving average, which would have a positive effect on the USDJPY and move it higher. Potential higher targets are 150.80 and 151.00 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-238046 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/11/ue3q2yNO-1024×620.jpg" alt="USDJPY Chart Analysis" width="1024" height="620" /></p>
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