Ichimoku Analysis (1-hour chart)
Tenken-Sen- 109.73
Kijun-Sen- 109.81
As per our analysis, USDJPY continues to trade lower for 2nd consecutive days on the spread of the coronavirus. China's coronavirus has killed 9 people in China and more than 400 people got infected. The outbreak could hurt the Chinese economy, especially travel and commerce. The pair hits an intraday low of 109.537 and is currently trading around 109.541.
Technically, near term support stands at 109.25 and any violation below will drag the pair down till 109.06/108.30. On the higher side, immediate resistance is at 110.40 (trend line resistance ), any violation above targets 110.70 (61.8% fib)/111/111.70. The minor resistance is at 110.
It is good to sell on rallies around 110.10-20 with SL around 110.40 for the TP of 109.05.


Sterling’s Six-Week Streak Snaps: GBPJPY Slumps Toward 210.00 as Bearish Momentum Intensifies
FxWirePro: USD/CNY dips as China’s yuan strengthens on Iran war de escalation hopes
FxWirePro: EUR/AUD retreats slightly but trend is still bullish
Yen Resurgence Drives GBPJPY to 2.5-Week Low: Sellers Aim for 208.00
Aussie Losing Its Luster: AUDJPY Breaks Below 110.00 as Bearish Momentum Intensifies
Euro Bulls Retreat: EURUSD Faces Resistance at 1.1500 as Technical Indicators Signal Further Downside
FxWirePro: GBP/USD gains some upside momentum but still bearish
FxWirePro: NZD/USD cautiously bid as traders sense end to Iran war
FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro- Woodies Pivot(Major)
Ethereum Rises on Geopolitical De-escalation: Pezeshkian’s Peace Signal Ignites Bullish Momentum
Bitcoin on Edge: Geopolitical Tensions Weigh on BTC as Bulls Eye the USD 64,000 "Buy the Dip" Zone
Dollar Resurgence Propels USDCHF Above 0.8000: Technicals Signal Continued Bullish Momentum Toward 0.8150
Ethereum in Consolidation: ETH Trapped in Narrow Range as Bulls Await the USD 2,000 "Buy the Dip" Opportunity
NZDJPY Technical Outlook: Bearish Bias Deepens as Key Resistances Hold 



