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USDCHF and USDJPY: USDJPY is sliding towards the 140.00

USDCHF and USDJPY: USDJPY is sliding towards the 140.00

During the Asian trading session, USDCHF continued its retreat from last week’s high to 0.90746 levels.
During the Asian trading session, USDJPY rose to 140.92 levels. 

USDCHF chart analysis

During the Asian trading session, USDCHF continued its retreat from last week’s high to 0.90746 levels. The pair pulled back to the 0.90300 level, where it found support and stopped today’s pullback. For a bearish option, we need a continuation of the negative consolidation and a pullback to the 0.92000 level.

We have additional support at that point in the EMA50 moving average, and that’s where we might expect to see a stop to the decline. We need a positive consolidation and a move above the 0.90600 level for a bullish option. Staying up there could have a positive effect on further recovery. Potential higher targets are 0.90800 and 0.91000 levels.

USDJPY chart analysis

During the Asian trading session, USDJPY rose to 140.92 levels. The impulse stopped there, and a pullback to 140.27 levels followed. Now here we are trying to get support to stop further decline. If we fail in that intention, USDJPY could soon test the 140.00 level. Potential lower targets are 139.50 and 139.00 levels. Additional support for the dollar at the 139.00 level is in the EMA50 moving average.

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