Ichimoku Analysis (Daily Chart)
Tenken-Sen- 108.72
Kijun-Sen- 108.749
USDJPY has once again recovered after showing a minor decline below 38.2% fib yesterday. The pair is highly volatile due to the escalation of tension between the US and Iran. Iran has retaliated by striking missiles in the US military base in Iraq one at Al Asad and one in Irbil. It hits an intraday high of 108.509 and is currently trading around 108.439.
Technically, near term resistance is around 108.65-80 (200 -day MA and EMA). Any bullish continuation can be seen only if it closes beyond that level, jump till 109.25/109.75 likely.
On the flip side, major support is around 107.80 and any violation under will drag the pair till 107.40/106.80.
It is good to sell on rallies around 108.60-65 with SL around 109 for the TP of 107.80/107.40.


FxWirePro: EUR/AUD retreats slightly but trend is still bullish
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback
FxWirePro: NZD/USD cautiously bid as traders sense end to Iran war
Bitcoin Recovers Amid Easing Geopolitics: Bulls Target USD 80,000 Support Rebound
FxWirePro: EUR/ NZD steadies around 2.0150, retains bid tone
FxWirePro- Major Pair levels and bias summary
Yen Resurgence Drives GBPJPY to 2.5-Week Low: Sellers Aim for 208.00
AUDJPY Pullback Intensifies: Resistance at 110.00 Signals Short Opportunity
FxWirePro: EUR/ NZD loses momentum but outlook is bullish
Euro Bulls Charge Past 1.1600: Broad Dollar Sell-Off Ignites Powerful EURUSD Rally
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: GBP/NZD range to extend until there is game changing news
FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption 



