FxWirePro: USD/JPY grinds sideways at trendline resistance, US dollar barely moves in response to Biden's aggressive stimulus plan
FxWirePro: EUR/JPY 6-day bearish streak finds support at 55-EMA, break below eyes trendline support at 124.55
FxWirePro: USDCHF Daily Outlook
Ichimoku Analysis (Hourly chart)
USDCHF's intraday bias remains bullish on surge in COVID cases. US Markit PMI manufacturing came at 56.7 vs estimate 52.50. DXY gained more than 50 pips after the data. The upbeat global market sentiment due to coronavirus vaccine optimism is putting pressure on the US dollar at higher levels. USDCHF hits an intraday high of 0.91420 and is currently trading around 0.91362.
The pair is facing strong resistance at 0.91650 and any break above 0.9200/0.9245.Significant buying only above 0.93000.
It is good to buy on dips around 0.9128-30 with SL around 0.9090 for the TP of 0.9295.