Ichimoku Analysis (Daily Chart)
Tenken-Sen- 109.07
Kijun-Sen- 109.07
USDJPY is trading weak for 3rd consecutive days and lost more than 100 pips. The dip was mainly due to broad-based US dollar selling. US President said on Tuesday that Phase 1 of a trade deal will be signed on Jan 15th but still uncertainty prevails. It hits a low of 108.46 and is currently trading around 108.78.
Technically, near term support is around 108.15 (200- day MA) and any violation below will drag the pair down till 107.80/106.40. A break beneath 106.40 targets 104.40.
On the higher side, major resistance is at 109.20, the breach above will take the pair to the next level 109.75/110/110.60.
It is good to sell on rallies around 109.15-20 with SL around 109.75 for the TP of 108.


FxWirePro: AUD/USD gains some ground but outlook is bearish
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro- Major Crypto levels and bias summary
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth 



