Ichimoku Analysis (Hourly chart)
Tenken-Sen- 108.79
Kijun-Sen- 108.68
USDJPY trades is trading higher after a minor dip till 108.27 level. The overall trend is still bullish as long as support 107.80 holds. The jump was mainly due to the hopes of the US-China phase 1 trade deal. The pair hits high of 108.89 and is currently trading around 108.85.
On the flip side, near-term support stands around 108.65 (200- H MA) and any violation below will drag the pair down till 108.25/107.80. Major reversal below 107.80 level.
The major resistance is around 109.50, an indicative break above targets 110/110.60.
It is good to buy on dips around 108.65-70 with SL around 108.20 for the TP of 109.50.


Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
FxWirePro: GBP/USD rises as soft US data pressures dollar
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support 



