USD/JPY hit a new eight-month high above 110 handle at 110.29, bias remains bullish.
The pair has ended consolidation and has entered into a bullish phase, jump till 111.70 likely.
Positive market mood after upbeat Chinese data weighs on the Japanese Yen, supporting USD/JPY higher.
The Chinese economy grew by 6% annualized in Q4 2019. Industrial output increased by 6.9% yearly, beating forecasts.
Technical indicators have turned bullish. Major and minor trend now are biased higher. Breakout above 200W MA supports further gains.
Focus now on the University of Michigan preliminary Consumer Sentiment Index for January which is expected to remain upbeat.
Next bull target lies at 111.65 (Triangle Top) ahead of 112.30 (50% Fib). Failure to hold above 200W MA likely to see sideways grind.


Sterling’s Six-Week Streak Snaps: GBPJPY Slumps Toward 210.00 as Bearish Momentum Intensifies
FxWirePro- Major European Indices
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
Ethereum Rises on Geopolitical De-escalation: Pezeshkian’s Peace Signal Ignites Bullish Momentum
FxWirePro: NZD/USD cautiously bid as traders sense end to Iran war
FxWirePro: GBP/USD gains some upside momentum but still bearish
FxWirePro- Woodies Pivot(Major)
AUDJPY Pullback Intensifies: Resistance at 110.00 Signals Short Opportunity
AUDJPY Pullback Intensifies: Resistance at 110.00 Signals Short Opportunity
Dollar Resurgence Propels USDCHF Above 0.8000: Technicals Signal Continued Bullish Momentum Toward 0.8150
Euro Bulls Charge Past 1.1600: Broad Dollar Sell-Off Ignites Powerful EURUSD Rally
FxWirePro: EUR/ NZD loses momentum but outlook is bullish
FxWirePro: USD/ZAR loses momentum but outlook is bullish
FxWirePro: EUR/AUD retreats slightly but trend is still bullish
FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: USD/CNY dips as China’s yuan strengthens on Iran war de escalation hopes 



