Ichimoku analysis (Hourly chart)
Tenken-Sen- 107.63
Kijun-Sen- 107.76
USDJPY is trading lower and lost more than 50 pips on account of geopolitical tension in the Middle East. The pair has formed a temporary top around 108.49 and started to decline. It is currently trading around 107.415.
On the flip side, the pair has broken major support 107.40 and any violation below will drag the pair down till 107/106.40.
The near term resistance is around 108 and breaks above will drag the pair to the next level till 108.50/109.31. The decline from 112.45 will end at 104.40 only if the pair breaks above 109.31.
It is good to sell on rallies around 107.55-60 with SL around 108 for the TP of 106.25.


FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
Euro Retreats as Geopolitical Tensions Surge: EURUSD Eyes 1.1400 Floor Amid Safe-Haven Demand
FxWirePro: USD/ZAR sustains gains as uptrend remains strong
FxWirePro: EUR/AUD eases slightly but trend is still bullish
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
FxWirePro: EUR/ NZD consolidating around 2.0180 room for further gains
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD gaining momentum for a move towards 1.6800 level
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major European Indices
FxWirePro: GBP/USD recovers but bears are not done yet again
Pound Under Pressure as Yen Stabilizes: GBPJPY Bears Target 208 as Key EMAs Hold Resistance
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY gains some ground but bearish outlook persists
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro- Major Pair levels and bias summary 



