Ichimoku Analysis (4-hour chart)
Tenken-Sen- 110.713
Kijun-Sen- 110.62
As per our analysis, USDJPY surged sharply more than 100 pips. The slight decline in the number of cases infected due to coronavirus has supported the pair at lower levels. It hits a high of 111.59 and holding above the major trend line resistance 111.40. According to China's National Health Commission, the total number of death increased by 114 to 2118 and the number of confirmed cases has declined a lot compared to the previous day.
On the flip side, near term support is around 110.82 (23.6% fib) and any violation beneath will drag the pair down till 110.34/110. Minor trend reversal only below 109.50.
The significant resistance is around 112, an indicative break above targets 112.40/113.
It is good to buy on dips around 111.45-50 with SL around 110.80 for the TP of 113.


Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro- Major Crypto levels and bias summary
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD bears maintain upper hand
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next 



