USDCHF and USDJPY: USDJPY is again at the 135.00 level
- During the Asian trading session, USDCHF retreated to the 0.89000 level.
- During the Asian trading session, USDJPY recovered from the fall in the previous session to the 133.75 level.
USDCHF chart analysis
During the Asian trading session, USDCHF retreated to the 0.89000 level. The rapid consolidation at that level led to a new bullish impulse and a return to the previous trend. The current value of USDCHF is 0.89315, and we could expect the movement to continue to the bullish side until the end of the day. Potential higher targets are 0.89400 and 0.89500 levels. At the beginning of next week, we could return to the 0.90000 level again.
USDJPY chart analysis
During the Asian trading session, USDJPY recovered from the fall in the previous session to the 133.75 level. We quickly bounced back above the 134.00 level. Before the beginning of the EU session, USDJPY also tested the 135.00 level, and now we see a slight pullback, but within this consolidation.
Additional resistance at 135.00 is in the EMA50 moving average, and we need a break above for further continuation of the recovery. Potential higher targets are 135.25 and 135.50 levels. And for next week, we have the same support zone of 133.50-134.00.
