FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption 
FxWirePro- Major European Indices 
Euro Bulls Charge Past 1.1600: Broad Dollar Sell-Off Ignites Powerful EURUSD Rally 
AUDJPY Pullback Intensifies: Resistance at 110.00 Signals Short Opportunity 
FxWirePro: USD/CNY dips as China’s yuan strengthens on Iran war de escalation hopes 
EUR/JPY Bulls Charge: Eyeing 186.00 as Euro Strength Intensifies 
FxWirePro: EUR/AUD retreats slightly but trend is still bullish 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: AUD/USD gains some ground but remains sensitive to Middle East tensions 
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: GBP/USD recovers but bears are not done yet again 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: GBP/NZD uptrend loses momentum but bullish setup remains 
AUDJPY Pullback Intensifies: Resistance at 110.00 Signals Short Opportunity 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
Ichimoku Analysis (8 Hour Chart)
Tenken-Sen- 108.78
Kijun-Sen- 109.21
USDJPY is declining for the past 2-weeks after forming a minor top around 110.29. The overall trend is still on the downside as long as resistance 110.30 holds. The declining US 10-year bond yield and increase in confirmed cases of coronavirus are supporting yen. China has recorded 2590 cases on Feb 1st and the total number of infected people exceeded 17000. The pair hits an intraday low of 108.76 and is currently trading around 108.52.
Technically, near term support stands at 108.30 and any violation below will drag the pair down till 107.80/107.40. On the higher side, immediate resistance is at 109.08, any violation above targets 109.53/109.75/110.40 (trend line resistance ).
It is good to sell on rallies around 108.70-75 with SL around 109.30 for the TP of 107.80.
