- Doji formed on USD/JPY daily charts till now. Pair finds strong trendline resistance at 109.90.
- Further upside can be seen on breaks above. Test of 110.65 then likely.
- Ex-BOJ deputy governor Iwata was on the wires earlier today, said BOJ should expand easing by negative rate.
- A positive close on Wall Street overnight lifted sentiment around the Asian equities.
- Improving risk appetite on rallying Asian stocks is likely to see lesser demand for the safe-haven yen.
- Technicals are also supportive for further upside. Stochs are biased higher and MACD is showing a bullish crossover on signal line.
- On the longer term, we do not see much upside in the pair. Price action remains below the cloud and 110&55 EMAs.
- Immediate support and resistance are located at 109.27 (5-DMA) and 109.90 (trendline and Apr 7th high).
Recommendation: Go long on breaks above 109.90, SL: 109.30, TP: 110.60/80/111


FxWirePro: GBP/USD gains above 1.3500 ahead of key U.S. and UK data
NZDJPY Bullish at 365-EMA Support: Buy Dips Toward 95 Target
AUDJPY Holds Firm Above 112 on Broad Yen Weakness: Buy Dips Toward 115
EURGBP Weakens After Doji – Bearish Bias Intact Below 0.8600, Sell Rallies
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR edges higher after weak SA jobs and manufacturing data
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
GBPJPY Surges on Yen Weakness – Bullish Dip Buy Eyes 217
FxWirePro: GBP/USD trades sideways as markets await U.S. inflation and UK GDP data
GBPJPY Consolidates Above 215 on Bullish Momentum: Buy Dips Toward 217
FxWirePro: AUD/USD range bound ahead of RBA policy decision
FxWirePro: GBP/AUD edges higher but bulls lack punch
FxWirePro: USD/CAD hits two-month low as oil prices rise
FxWirePro- Major Crypto levels and bias summary
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
AUDJPY Rebounds on Yen Weakness – Bullish Buy Setup Above 112 Targets 115 



