USDCHF and USDJPY: USDJPY manages to climb above 145.00
<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: USDJPY manages to climb above 145.00</b></h1>
<ul>
<li aria-level="1">This week has been very positive for USDCHF.</li>
<li aria-level="1">USDJPY managed to recover significantly this week.</li>
</ul>
<h2><b>USDCHF chart analysis</b></h2>
<p>This week has been very positive for USDCHF. We started at 0.84150 and on Wednesday, we saw a high forming at 0.85600. There, we encounter resistance and make a pullback, but now to support at the 0.84800 level. From there, we move into a positive consolidation and climb above 0.85000 and the EMA50 moving average. A move above could increase optimism in the further recovery of USDCHF and climb to December’s higher levels.</p>
<p>Potential higher targets are 0.85600 and 0.85800 levels. We need a negative consolidation and <a href="https://www.financebrokerage.com/bitcoin-and-ethereum-bitcoin-pullback-below-42000/">pullback</a> to the previous support at the 0.84800 level for a bearish option. A fall below the EMA50 increases the bearish pressure, and we can expect a break below the support level and the formation of a new low. Potential lower targets are 0.84600 and 0.84400 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-251279 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2024/01/GsbuUPdl-1024×598.jpg" alt="USDCHF Chart Analysis" width="1024" height="598" /></p>
<h2><b>USDJPY chart analysis</b></h2>
<p>USDJPY managed to recover significantly this week. We started the trading week at the 141.00 level and are now at 145.30. We managed to form a new high compared to the previous one from December 19. During the Asian session, the pair gained support at 144.50, followed by an impulse and a jump to a new high. Today’s movement tells us that we could see a continuation to the bullish side and the formation of a new high. Potential higher targets are 145.50 and 146.00 levels.</p>
<p>We need a negative consolidation and pullback to support a bearish option at the 144.50 level. A break below is the first step towards further decline, and potential lower targets are 144.00 and 143.50 levels. The EMA50 moving average is in the zone around 143.00 levels; there, we could expect greater support and stop the bearish trend.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-251280 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2024/01/2XYkPnzY-1024×598.jpg" alt="USDJPY Chart Analysis" width="1024" height="598" /></p>
<p> </p>
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