Ichimoku Analysis (8-hour chart)
Tenken-Sen- 108.44
Kijun-Sen- 108.66
USDJPY recovered sharply more than 150 pips on slight easing of tension between US-Iran. US President Trump said in a speech yesterday that "Iran appears to be standing down, which is a good thing for all parties concerned and a very good thing for the world." The yen surged mainly due to demand for Safe-haven assets. The pair hits high of 109.28 at the time of writing and is currently trading around 109.28.
Technically, the pair is holding above 109 level for the past 8 hours, a jump till 109.72 (Dec 1st high) is possible. Primary trend reversal only above 109.75 and break above targets 110.60/111.
On the flip side, near-term support stands at 109 and any violation below will drag the pair down till 108.72/108.40. Extreme bearish continuation only below 107.80.
It is good to buy on dips around 109.25 with SL around 109 for the TP of 109.75.


FxWirePro: GBP/USD recovers above 1.3450 after bearish gap
Ethereum Eyes the $3,000 Milestone: ETH Bulls Shatter Key Resistance Following Bitcoin’s Lead
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus
FxWirePro- Major Pair levels and bias summary
Aussie Surge Hits New Heights: AUDJPY Bulls Break 112.50 Barrier
FxWirePro: USD/ZAR gives up early gains as market volatility spikes
FxWirePro: NZD/USD remains buoyant, looks to extend gains
FxWirePro: USD/CAD slides as oil rally strengthens Loonie
FxWirePro: EUR/AUD drifts lower ,could be on verge of bigger drop
FxWirePro: USD/ZAR extends fall, faces 38.2%fib support
ETH/USD Outlook: Ethereum Targets 2,770 USD as Support Holds Near 2,150 USD
FxWirePro- Major European indices
GBP/JPY Breaks 215.00: Sterling Strength Fuels Bullish Run Toward 217.00
Kiwi Soars Against the Yen: NZDJPY Bulls Eye the 95.00 Horizon
FxWirePro: USD/CNY hits 3-year low as dollar weakens on hopes for U.S.-Iran talks
FxWirePro: GBP/AUD drifts lower,could be on verge of bigger drop 



