Ichimoku Analysis (4-hour chart)
Tenken-Sen- 99.63
Kijun-Sen- 99.75
US Dollar index has once recovered above 100 levels after dip till 99.10. Short term trend is still bullish as long as support 99.67. The US dollar is gaining momentum despite weak jobs data.
On the flipside, near-term support is around 99.80, and any violation below targets 99.55/99.23. Major bearishness only if it breaks 98.65.
The immediate resistance is around 100.40, an indicative close above will take the index till 100.87/101.20/101.85.
It is good to buy above 100.40 with SL around 100.20 for TP of 101.20.
