USDCHF and USDJPY: USDJPY is holding above the 140.00 level

• During the Asian trading session, the pair USDCHF continued its recovery from Friday. 
• During the Asian trading session, USDJPY managed to hold above the 140.00 level.

USDCHF chart analysis

During the Asian trading session, the pair USDCHF continued its recovery from Friday. Today’s current high was at the 0.91198 level. Now we see a pullback to the 0.91000 level, and here we can expect some support and an obstacle for a bigger bearish pullback.

If the bearish pressure continues, USDCHf could slide to the 0.90800 level or 0.90600, where the EMA50 moving average awaits us. If we get support at the 0.91000 level, we could immediately start the continuation of the bullish trend, and the potential higher targets are the 0.91200 and 0.91400 levels.

USDJPY chart analysis

During the Asian trading session, USDJPY managed to hold above the 140.00 level. This produced a bullish impulse and a jump to the 140.45 level. We are consolidating around 140.25 to continue bullish growth from there. Potential higher targets are 140.50 and 140.75 levels.

We need a negative consolidation and pullback below the 140.00 level for a bearish option. After that, we could expect to see a continuation of the decline and the formation of a new low. Potential lower targets are 139.75 and 139.50 levels.