USDCHF and USDJPY: the dollar is rising on both fronts
During the Asian trading session, USDCHF finds support at the 0.89600 level. During the Asian trading session, USDJPY finds support at the 134.00 level.USDCHF chart analysis
During the Asian trading session, USDCHF finds support at the 0.89600 level. After that, the pair starts a bullish consolidation and climbs to the 0.90000 level. We have a potential resistance in the EMA50 moving average at that level. And if we break the above, we will get good support for continued growth. Potential higher targets are 0.92000 and 0.94000 levels. We need a negative consolidation and pullback to the 0.89800 level for a bearish option. Next, we need a break below and a test of support at the 0.89600 level. USDCHF may visit the previous support levels below. Potential lower targets are 0.89400 and 0.89200 levels.
USDJPY chart analysis
During the Asian trading session, USDJPY finds support at the 134.00 level. This was followed by a bullish impulse and a falcon up to 134.40. We stayed there for a short time, and the dollar continued to push the pair to the 135.00 level. Today’s low is currently at the 135.14 level. For a bearish option, we need a pullback below the 135.00 level. We could then expect a further decline in support at the 134.60 level. A break below could take us back to the starting position at the 134.00 level. For a bullish option, we need to hold above the 135.00 level. After which, with a new bullish impulse, we would start a further growth of USDJPY. Potential higher targets are 135.20 and 135.40 levels.
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