Ichimoku analysis (Hourly chart)
Tenken-Sen- 107.63
Kijun-Sen- 107.76
USDJPY is trading lower and lost more than 50 pips on account of geopolitical tension in the Middle East. The pair has formed a temporary top around 108.49 and started to decline. It is currently trading around 107.415.
On the flip side, the pair has broken major support 107.40 and any violation below will drag the pair down till 107/106.40.
The near term resistance is around 108 and breaks above will drag the pair to the next level till 108.50/109.31. The decline from 112.45 will end at 104.40 only if the pair breaks above 109.31.
It is good to sell on rallies around 107.55-60 with SL around 108 for the TP of 106.25.


FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
FxWirePro- Major Crypto levels and bias summary
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: USD/CNY dips to hit three year low,scope for further downside
FxWirePro: GBP/USD rises as soft US data pressures dollar
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: GBP/AUD drifts lower after BOE rate decision
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro- Major Pair levels and bias summary 



