USDCHF and USDJPY: USDJPY pulls back below the 145.50 level

<div><img width="1200" height="600" src="https://www.financebrokerage.com/wp-content/uploads/2023/04/USDCHF.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="USDCHF" decoding="async" loading="lazy" /></div><h1><b>USDCHF and USDJPY: USDJPY pulls back below the 145.50 level</b></h1>
<ul>
<li aria-level="1">In the past two days, we have seen a bullish trend of USDCHF from 0.87400 to 0.88500 levels.</li>
<li aria-level="1">Pair USDJPY is in a bearish trend with 147.37 levels.</li>
</ul>
<h2><b>USDCHF chart analysis</b></h2>
<p>In the past two days, we have seen a bullish trend of USDCHF from 0.87400 to 0.88500 levels. During the Asian session, the bullish trend stopped and retreated to the 0.88130 level. For now, we have <a href="https://www.financebrokerage.com/eurusd-and-gbpusd-eurusd-on-support-at-1-08000-levels/">support</a> at that level and are moving up to the 0.88280 level. If this small bearish trend continues, a break below the 0.88100 level could occur.</p>
<p>Additional support at that level is the EMA50 moving average. Potential lower targets are 0.88000 and 0.87900 levels. We need a positive consolidation and a new jump above the 0.88400 level for a bullish option. Then we would have to hold up there if we want to see a continuation to the bullish side. Potential higher targets are 0.88500 and 0.88600 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-222993 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/09/AhNjxW9S-1024×619.jpg" alt="USDCHF Chart Analysis" width="1024" height="619" /></p>
<h2><b>USDJPY chart analysis</b></h2>
<p>Pair USDJPY is in a bearish trend with 147.37 levels. This high was formed on Tuesday, initiating a pullback to the 145.40 level. During the Asian trading session, the pair hovered around 145.50 levels. The dollar still remains under pressure in that zone, which could lead to a breakout below and the formation of a new lower low. Potential lower targets are 145.00 and 144.50 levels.</p>
<p>We need a positive consolidation and a move up to the 146.00 level for a bullish option. Thus, we would climb above the support zone and turn a possible recovery. We would also receive support in the EMA50 moving average, which could have a positive impact on the future trend. Potential higher targets are 146.50 and 147.00 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-222994 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/09/C6gMA145-1024×619.jpg" alt="USDJPY Chart Analysis" width="1024" height="619" /></p>
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