Ichimoku Analysis (Daily Chart)
Tenken-Sen- 97.08
Kijun-Sen- 97.45
DXY recovered slightly nearly 60 pips from low of 96.43 and trading slightly lower on sell-off in USDJPY. It hits high of 97.11 and is currently trading around 96.87.
On the flip side, near term support stands around 96.40 and any violation below that level targets 95.80.Major bearish continuation only below 95.80.
The major resistance is at 97.25 (21-day MA) and indicative break above will take the index to the next level till 97.60/97.85.
It is good to sell on rallies around 97.10-15 with SL around 97.40 for the TP of 96.
