Ichimoku Analysis (4-hours chart)
Tenken-Sen- 113.01
Kijun-Sen- 112.36
CHFJPY was trading higher for the past 1- month and jumped nearly 500 pips on weak yen. The demand for Safe-haven assets like yen, gold declined due to the opening up of economies and COVID-19 vaccine hope. USDJPY is trading well above 200-day MA and hits 7 –week high at 109.16. Any indicative break above 109.23 (200-W MA) confirms further bullishness.
The pair has formed a bearish AB=CD pattern and this confirms minor weakness. A dip till 112.50/112 is possible. The next major resistance to be watched is 113.64 and break above that level targets 114 (Mar 25th high)/114.27 (Feb 21st high). Major trend continuation only above 114.27.
It is good to sell on rallies around 113.60-65 with SL around 114.27 for the TP of 112.


FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
JPY Action Bias: EURJPY and CADJPY Emerge as Extremely Bullish Pairs to Watch
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro: USD/CAD slips after Fed holds rates steady
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
FxWirePro: NZD/USD firms as Kiwi gains on strong ANZ business outlook data
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
FxWirePro: USD/ CNY hits one-month low,scope for futher downside
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target 



