USDCHF and USDJPY: USDJPY retreats from 149.80 level

<div><img width="1200" height="600" src="https://6ztkp25f.tinifycdn.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 retreats from 149.80 level</b></h1>
<ul>
<li aria-level="1">The two-week bearish trend of USDCHF was stopped yesterday at the 0.89668 level.</li>
<li aria-level="1">The USDJPY pair was near reaching the 150.00 level this morning, stopping at 149.81.</li>
</ul>
<h2><b>USDCHF Chart Analysis</b></h2>
<p>The two-week bearish trend of USDCHF was stopped yesterday at the 0.89668 level. From that level, we see a strong bullish impulse that climbs the pair to the 0.90900 level. During the previous Asian trading session, the pair was in a pullback to the 0.90600 support level. We managed to get support in that zone, and now we are again close to the 0.90900 level.</p>
<p>We have also moved above the EMA50 moving average, which could reflect positively in the coming days. Potential higher targets are 0.91000 and 0.91100 levels. We need a negative consolidation and a drop below this morning’s support for a <a href="https://www.financebrokerage.com/impact-of-bearish-chinese-economic-data-on-global-oil-prices/">bearish</a> option at 0.90600. This would move us to the bearish side, and we could expect to see a continuation down. Potential lower targets are 0.90400 and 0.90200 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-233293 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/10/kC0vI5Df-1024×620.jpg" alt="USDCHF Chart Analysis" width="1024" height="620" /></p>
<h2><b>USDJPY Chart Analysis</b></h2>
<p>The USDJPY pair was near reaching the 150.00 level this morning, stopping at 149.81. During the Asian trading session, we saw a bearish consolidation and pullback to the 149.58 level. It is very possible that we will drop below 149.50 or form a lower daily low. We could get some support in the zone around 149.30 and stop this pullback. A break below could indicate a continuation of the decline to lower levels. Potential lower targets are 149.20 and 149.00 levels.</p>
<p>We need positive consolidation and a return to this morning’s resistance zone at the 149.80 level for a bullish option. A break above would lead to the formation of this week’s new high, and we would likely move above the 150.00 level. Potential higher targets are 150.20 and 150.40 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-233294 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/10/MSQYcZBi-1024×620.jpg" alt="USDJPY Chart Analysis" width="1024" height="620" /></p>
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