Global Trends Today
  • News
  • Economy
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
  • News
  • Economy
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
Global Trends Today
No Result
View All Result
Home Economy

USDCHF and USDJPY: USDJPY found support at 151.93

by
July 26, 2024
in Economy
0
USDCHF and USDJPY: USDJPY found support at 151.93
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

USDCHF and USDJPY: USDJPY found support at 151.93 

On Thursday, USDCHF retreated to the 0.87770 level, forming a new July low. 
Yesterday, the pair USDJPY retreated to a new July low at 151.93 level. 

USDCHF chart analysis

On Thursday, USDCHF retreated to the 0.87770 level, forming a new July low. After that, the pair stabilized and initiated a bullish consolidation up to the 0.88160 level. During this morning’s Asian trading session, we continued to rally all the way to the 0.88400 level. Here, we find support from the EMA 50 moving average and expect to see further growth on the bullish side.

Potential higher targets are 0.88600 and 0.88800 levels. Additional resistance of the USDCHF is encountered by the EMA 200 moving average in the zone of 0.88800 levels. We need a negative consolidation and a descent to the 0.88000 support zone for a bearish option. A new visit to that zone would mean that we are under pressure again and that a drop below to a new daily low could occur. Potential lower targets are 0.87800 and 0.87600 levels.

 

USDJPY chart analysis

Yesterday, the pair USDJPY retreated to a new July low at 151.93 level. After a short consolidation in that zone, a recovery up to the 154.00 level was initiated. During this morning’s Asian trading session, the movement continued in the 153.40-154.10 range. With the start of the EU session, the dollar continues to strengthen, and the pair climbs to 154.45 levels. With this, we form a new daily high and expect to start further growth on the bullish side.

Potential higher targets are the 155.00 and 156.00 levels. A major resistance awaits us, around 156.00 in the EMA 200 moving average. For a bearish option, we need a negative consolidation and pullback of USDJPY below the 154.00 support level. A new descent below would confirm the dollar’s weakness and thus direct us to the bearish side. Potential lower targets are the 153.00 and 152.00 levels.

 

The post USDCHF and USDJPY: USDJPY found support at 151.93 appeared first on FinanceBrokerage.

Previous Post

The dollar index remains positive at the end of the week

Next Post

Next Big Cryptocurrency: 2024 Top Picks

Next Post
Next Big Cryptocurrency: 2024 Top Picks

Next Big Cryptocurrency: 2024 Top Picks

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • Trending
    • Comments
    • Latest

    Hacker lexicon: What is a supply chain attack?

    June 11, 2021

    Losing Depop to US ownership makes the British tech sector look secondhand

    June 11, 2021

    Andrew Lloyd Webber to sue the Government if theatres are not fully reopened from June 21

    June 11, 2021

    Microsoft’s Kate Crawford: ‘AI is neither artificial nor intelligent’

    June 11, 2021
    Sprott: Platinum Price Potentially at “Tipping Point” as Fundamentals Stack Up

    Sprott: Platinum Price Potentially at “Tipping Point” as Fundamentals Stack Up

    0

    Reply to “Reply to Whitehead” by Desvousges, Mathews and Train: (4) My treatment of the weighted WTP is biased in favor of the DMT (2015) result/conclusion

    0

    The 40 Weirdest (And Best) Charts We Made In This Long, Strange Year

    0

    Will The Debate Over $2,000 Stimulus Checks Help Democrats In Georgia?

    0
    Sprott: Platinum Price Potentially at “Tipping Point” as Fundamentals Stack Up

    Sprott: Platinum Price Potentially at “Tipping Point” as Fundamentals Stack Up

    June 12, 2025
    Howard Schultz says he ‘did a cartwheel’ when Starbucks CEO Niccol coined ‘back to Starbucks’ strategy

    Howard Schultz says he ‘did a cartwheel’ when Starbucks CEO Niccol coined ‘back to Starbucks’ strategy

    June 12, 2025
    Crypto Market Recap: Bitcoin Price Nears All-time High, ETF Approval Odds Rise

    Crypto Market Recap: Bitcoin Price Nears All-time High, ETF Approval Odds Rise

    June 12, 2025
    FireFly Metals to Add AU$95 Million to Coffers With Equity Raising

    FireFly Metals to Add AU$95 Million to Coffers With Equity Raising

    June 12, 2025

    Recent News

    Sprott: Platinum Price Potentially at “Tipping Point” as Fundamentals Stack Up

    Sprott: Platinum Price Potentially at “Tipping Point” as Fundamentals Stack Up

    June 12, 2025
    Howard Schultz says he ‘did a cartwheel’ when Starbucks CEO Niccol coined ‘back to Starbucks’ strategy

    Howard Schultz says he ‘did a cartwheel’ when Starbucks CEO Niccol coined ‘back to Starbucks’ strategy

    June 12, 2025
    Crypto Market Recap: Bitcoin Price Nears All-time High, ETF Approval Odds Rise

    Crypto Market Recap: Bitcoin Price Nears All-time High, ETF Approval Odds Rise

    June 12, 2025
    FireFly Metals to Add AU$95 Million to Coffers With Equity Raising

    FireFly Metals to Add AU$95 Million to Coffers With Equity Raising

    June 12, 2025

    Disclaimer: GlobalTrendsToday.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 globaltrendstoday.com | All Rights Reserved

    No Result
    View All Result
    • News
    • Economy
    • Investing
    • Stock
    • Editor’s Pick

    Copyright © 2025 globaltrendstoday.com | All Rights Reserved