USDJPY recovered sharply more than 450 pips from low of 101.18. The demand for Safe-haven assets improved a lot in the past 3 weeks after the outbreak of coronavirus. It is currently trading around 105.03.
Technically, the pair's strong resistance at 105.38 (38.2% fib of 112.22 to 101.18) and any indicative break above targets 106/106.68/107.99.
On the flip side, near term support is around 104 and any violation below will drag the pair down till 103.22/101.18.
It is good to buy on dips around 104.75-80 with SL around 104 for the TP of 107/107.99.


FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY gains some ground but bearish outlook persists
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major European Indices
Ethereum Rises on Geopolitical De-escalation: Pezeshkian’s Peace Signal Ignites Bullish Momentum
FxWirePro: GBP/NZD range to extend until there is game changing news
FxWirePro: EUR/ NZD steadies around 2.0150, retains bid tone
FxWirePro: USD/ZAR sustains gains as uptrend remains strong
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
Bitcoin Battles Volatility: Institutional Support Eyes USD 64,000 Floor Amid Geopolitical Tensions
Euro Bulls Charge Past 1.1600: Broad Dollar Sell-Off Ignites Powerful EURUSD Rally
Pound Under Pressure as Yen Stabilizes: GBPJPY Bears Target 208 as Key EMAs Hold Resistance
Ethereum Retreats Toward USD 2,000: Technicals Signal Caution as ETH Mimics Bitcoin’s Pullback
Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm 



