Ichimoku Analysis (8 Hour Chart)
Tenken-Sen- 109.19
Kijun-Sen- 109.51
USDJPY has shown a minor jump of more than 50 pips from a low of 108.72. The overall trend is still on the downside as long as resistance 110.30 holds. The demand for safe-haven has increased after the outbreak of coronavirus. The total number died has increased to 106 and the number of infected cases crossed 6000. The pair hits a high of 109.26 and is currently trading around 109.06.
Technically, near term support stands at 108.65 (61.8% fib) and any violation below will drag the pair down till 108.30/107.80.On the higher side, immediate resistance is at 109.50, any violation above targets 110.40 (trend line resistance )/ 110.70 (61.8% fib)/111/111.70. The minor resistance is at 110.
It is good to sell on rallies around 109.25-30 with SL around 109.75 for the TP of 108.30/107.80.


FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
FxWirePro- Major Pair levels and bias summary
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
FxWirePro- Major Crypto levels and bias summary
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
FxWirePro: GBP/USD rises as soft US data pressures dollar 



