USDCHF and USDJPY: USDJPY is stabilizing above 136.00
- During the Asian trading session, USDCHF rose to resistance at the 0.89880 level.
- During the Asian trading session, USDJPY continues to rise above the 136.00 level.
USDCHF chart analysis
During the Asian trading session, USDCHF rose to resistance at the 0.89880 level. From that place, the pair starts to pull back to the 0.89650 level. Based on the current picture, we expect to see a continuation of the bearish trend. Potential lower targets are 0.89500 and 0.89400 levels.
In the zone around 0.89200 levels, additional support for the dollar is in the EMA50 moving average. For a more specific bullish trend, we need a breakthrough above the 0.90000 level, after which we could expect further recovery and growth of the USDCHF.
USDJPY chart analysis
During the Asian trading session, USDJPY continues to rise above the 136.00 level. Today’s high is 136.34 level. Now we see a slight pullback to the 136.15 level, and we will probably try to look for support at the 136.00 level. If we fail, the pair should drop to the 135.50 support level.
A larger support zone is at the 135.00 level with the EMA50 moving average. There is a greater chance that we will see a further continuation to the bullish side. Potential higher targets are 136.50 and 137.00 levels.
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