Revenue Agenda
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Revenue Agenda
No Result
View All Result
Home Economy

USDCHF and USDJPY: USDCHF climbed back above the 0.87000

by
July 28, 2023
in Economy
0
USDCHF and USDJPY: USDCHF climbed back above the 0.87000
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter

USDCHF and USDJPY: USDCHF climbed back above the 0.87000

The pair USDCHF received support yesterday at the 0.85515 level, and with a bullish impulse, it rose to the 0.87000 level. Early this morning, we had news from the Bank of Japan that they would leave the interest rate at -0.10%, which led to great market volatility.

USDCHF chart analysis

The pair USDCHF received support yesterday at the 0.85515 level, and with a bullish impulse, it rose to the 0.87000 level. During the Asian trading session, we managed to stay in that zone, and with another impulse, it rose to the 0.87365 level.

We are now seeing a slight pullback to 0.87000 from that level, and here we are trying to gain new support. We need a breakthrough above the 0.87500 level and stay above it in order to consolidate at that level. Potential higher targets are 0.87750 and 0.88000 levels.

We need a negative consolidation and a drop to the 0.86500 support level for a bearish option. Additional support at that level could be the EMA50 moving average. Potential lower targets are 0.86250 and 0.86000 levels.

USDJPY chart analysis

Early this morning, we had news from the Bank of Japan that they would leave the interest rate at -0.10%, which led to great market volatility. Oscillations on the chart were up to 300 pips in that hour, and such a picture tells us about the market’s indecision in which direction it will go.

We need a positive consolidation and a move above the 140.00 level for a bullish option. After that, we need to stay up there, and if it succeeds in that intention, we could start a further recovery and rise in USDJPY. Potential higher targets are 140.50 and 141.00 levels.

We need a negative consolidation and a drop to 138.50 levels for a bearish option. After that, the pair would be under a lot of pressure, leading to a continuation of the retreat. Potential lower targets are 138.00 and 137.50 levels.

 

The post USDCHF and USDJPY: USDCHF climbed back above the 0.87000 appeared first on FinanceBrokerage.

Previous Post

Dollar index: The dollar returned to 102.00 this morning

Next Post

Bitcoin and Ethereum: Bitcoin still remains below $29200

Next Post
Bitcoin and Ethereum: Bitcoin still remains below $29200

Bitcoin and Ethereum: Bitcoin still remains below $29200

  • Trending
  • Comments
  • Latest
Top 10 Potash Countries by Production (Updated 2024)

Top 10 Potash Countries by Production (Updated 2024)

August 21, 2024
Top 10 Phosphate Countries by Production (Updated 2024)

Top 10 Phosphate Countries by Production (Updated 2024)

August 1, 2024
Top 10 Uranium-producing Countries (Updated 2024)

Top 10 Uranium-producing Countries (Updated 2024)

November 6, 2024
7 Biggest Lithium-mining Companies in 2024

7 Biggest Lithium-mining Companies in 2024

September 18, 2024
Tech 5: Tesla and Samsung Strike Deal, Palo Alto to Acquire CyberArk

Tech 5: Tesla and Samsung Strike Deal, Palo Alto to Acquire CyberArk

0
New Hampshire Gov. Sununu signs $15.2B ‘miracle’ budget into law

New Hampshire Gov. Sununu signs $15.2B ‘miracle’ budget into law

0

Pennsylvania House clears tax credits for new teachers, nurses, police officers

0
Evers signs bipartisan sales tax bill aimed at sparing Milwaukee from bankruptcy

Evers signs bipartisan sales tax bill aimed at sparing Milwaukee from bankruptcy

0
Tech 5: Tesla and Samsung Strike Deal, Palo Alto to Acquire CyberArk

Tech 5: Tesla and Samsung Strike Deal, Palo Alto to Acquire CyberArk

August 3, 2025
Eric Sprott Announces Securities of Summa Silver Corp.

Eric Sprott Announces Securities of Summa Silver Corp.

August 2, 2025
Crypto Market Update: Coinbase Misses Q2 Revenue Target, Tariff Headwinds Grow

Crypto Market Update: Coinbase Misses Q2 Revenue Target, Tariff Headwinds Grow

August 2, 2025
Albemarle Swings to Profit, Lowers Spending Amid Prolonged Lithium Slump

Albemarle Swings to Profit, Lowers Spending Amid Prolonged Lithium Slump

August 2, 2025
Enter Your Information Below To Receive Trading Ideas and Latest News

Error: Contact form not found.

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Recent News

Tech 5: Tesla and Samsung Strike Deal, Palo Alto to Acquire CyberArk

Tech 5: Tesla and Samsung Strike Deal, Palo Alto to Acquire CyberArk

August 3, 2025
Eric Sprott Announces Securities of Summa Silver Corp.

Eric Sprott Announces Securities of Summa Silver Corp.

August 2, 2025
Crypto Market Update: Coinbase Misses Q2 Revenue Target, Tariff Headwinds Grow

Crypto Market Update: Coinbase Misses Q2 Revenue Target, Tariff Headwinds Grow

August 2, 2025
Albemarle Swings to Profit, Lowers Spending Amid Prolonged Lithium Slump

Albemarle Swings to Profit, Lowers Spending Amid Prolonged Lithium Slump

August 2, 2025
  • About us
  • Privacy Policy
  • Terms & Conditions
  • About us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 revenueagenda.com | All Rights Reserved

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

Copyright © 2025 revenueagenda.com | All Rights Reserved