USDCHF and USDJPY: USDJPY is climbing to the 146.50 level
During the Asian trading session, USDCHF was in retreat from the 0.88600 level.
During the Asian trading session, USDJPY moved above the 146.00 level.
USDCHF chart analysis
During the Asian trading session, USDCHF was in retreat from the 0.88600 level. We get support at the 0.88300 level and recover slightly to the 0.88400 level. If the current consolidation continues, a breakout below and the formation of a new weekly low could occur. Potential lower targets are 0.88200 and 0.88100 levels. Additional support for the dollar could be the EMA50 and the zone around the 0.88200 level.
We need a positive consolidation and a jump to the 0.88600 level for a bullish option. After that, we need a break above it in order to form a new high and thus confirm the bullish option. Potential higher targets are 0.88700 and 0.88800 levels.
USDJPY chart analysis
During the Asian trading session, USDJPY moved above the 146.00 level. After that, we see a bullish impulse and a jump to the 146.50 level. For now, we have resistance at that level and are retreating to the 146.30 level. It is possible that we will see a retest of the 146.00 support level. A break below leads to the formation of a new low. Additional support is the EMA50, and we need a break below it for a more concrete bearish trend. Potential lower targets are 145.50 and 145.00 levels.
We need a positive consolidation and a jump above the 146.50 level for a bullish option. Then, we need to maintain ourselves up there in order to start further recovery with a new impulse. Potential higher levels are 147.00 and 147.50 levels.
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