Whale Large Capital
  • Politics
  • World News
  • Business
  • Investing
  • Politics
  • World News
  • Business
  • Investing

Whale Large Capital

Investing

USDCHF and USDJPY: USDCHF is testing September support

by September 30, 2024
September 30, 2024
USDCHF and USDJPY: USDCHF is testing September support

USDCHF and USDJPY: USDCHF is testing September support

The short-term recovery of USDCHF on Friday morning was stopped at the 0.84930 level
The movement of the USDJPY on Friday was very unpredictable

USDCHF chart analysis

The short-term recovery of USDCHF on Friday morning was stopped at the 0.84930 level. After stopping in that zone, the pair began to retreat to a new weekly low at 0.84000. We are in the zone of September support, and it could easily happen that we soon turn to the bullish side. Otherwise, we continue to pull back and form a new low. Potential lower targets are the 0.83800 and 0.83600 levels.

If the September support zone holds USDCHF, it will initiate a bullish consolidation. We expect the pair to stabilize above 0.84200 and continue its recovery. Retracement to 0.84600 level, we are back to the EMA 200 moving average and need a break above to get its support. After that, the chances of stabilizing on the bullish side increase. Potential higher targets are 0.84800 and 0.85000 levels.

 

USDJPY chart analysis

The movement of the USDJPY on Friday was very unpredictable. First, we saw a stable bullish consolidation, which reached a weekly high of 146.49. After that, a strong bearish impulse brought down the pair by 350 pips, bringing it down to the 143.00 level. We then saw further bearish consolidation to a new weekly low at the 142.00 level. On the same day, the pair formed a weekly high and low.

USDJPY could find new support and initiate a bullish consolidation on Monday. This would take us back above 143.00 and test the EMA 200 moving average. If the trend continues, we will see the pair at new levels on Monday. Potential higher targets are 143.50 and 144.00 levels. For a bearish scenario, we need a continuation of bearish consolidation and a breakout of the 142.00 level. This would confirm that USDJPY remains on the bearish side and will continue its retreat. Potential lower targets are 141.50 and 141.00 levels.

 

The post USDCHF and USDJPY: USDCHF is testing September support appeared first on FinanceBrokerage.

0
FacebookTwitterGoogle +Pinterest
previous post
South Korea court sentences highest-ranking police officer yet to jail over Halloween crush
next post
The dollar index could continue to pull back this week

You may also like

AUDUSD and AUDNZD: AUDUSD grabs a new high...

September 30, 2024

Reli Stock – Get All The Essential Analysis...

September 19, 2024

Abrdn Share Price: £219.50 High – Market Snapshot

August 13, 2024

KuCoin Fined $300M for Unlicensed U.S. Operations

January 28, 2025

Impact of Trump’s Tariffs on Asian Economies

February 3, 2025

ApeCoin and Akita Inu: ApeCoin returns to weekly...

August 15, 2024

Dogecoin and Shiba Inu: Dogecoin is up since...

August 20, 2024

DeXe Network: Social Trading On Blockchain At Its...

October 1, 2024

USDCAD and USDCNH: USDCAD is under heavy pressure

August 15, 2024

SafeMoon and Litecoin: Litecoin at the door of...

September 4, 2024

    Subscribe today to receive exclusive access to all our retirement secrets and income strategies, including special financial news and updates from our experts. From time to time, our newsletters feature valuable insights and analysis on the latest financial trends. Don't miss out on these exclusive updates – join our subscription to stay informed!


    By opting in you agree to receive emails from us. Your information is secure and your privacy is protected.



    Latest

    • Trump says ‘we’ll see what happens’ when asked about possibility of striking Venezuela amid rising tensions

      September 15, 2025
    • Turning Point USA says campus chapter requests surge to over 32,000 after Kirk’s assassination

      September 14, 2025
    • Death penalty looms for Charlie Kirk’s accused killer, but legal bar is high as Trump, Cox mount pressure

      September 14, 2025
    • Death penalty looms for Charlie Kirk’s accused killer but legal bar is high as Trump, Cox mount pressure

      September 14, 2025
    • From Zapruder to smartphones: Assassination footage reshapes America’s view of political violence

      September 14, 2025
    • From Zapruder to smartphones: assassination footage reshapes America’s view of political violence

      September 14, 2025

    Categories

    • Business (798)
    • Investing (661)
    • Politics (5,566)
    • World News (3,213)
    • Terms & Conditions
    • Privacy Policy
    • Contact us
    • About us

    Disclaimer: WhaleLargeCapital.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 WhaleLargeCapital.com | All Rights Reserved