Major resistance- 109.30
USDJPY has taken support near trend line and shown a more than 100 pips jump. The jump was mainly due to US-China trade optimism. The phase one deal is expected to be signed this month. This has decreased demand for safe-haven assets like yen, gold. The pair hits high of 108.89 and is currently trading around 108.86.
On the flipside, near-term support is around 108.45-50 and any violation below will drag the pair to the next level 108/107.80/107.37. Major trend continuation only if it violates 106.40.
The pair formed almost a double top at 109.30, jump above that level confirms minor bullishness, a jump till 110/110.60 likely.
It is good to buy on dips around 108.50 with SL around 108 for the TP of 109.30.


FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path
ECB Hikes, Euro Dives: EURUSD Bears Reload for a Run to 1.1400
FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one
FxWirePro: GBP/USD weakens as escalating Middle East tensions weighs on sterling
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD eases on Geopolitical whipsaw
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting
FxWirePro- Woodies pivot (Major)
GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent?
BTC’s Bear Bounce: Sell the Rally Near $66K as Bears Target $59K–$52K Breakdown
FxWirePro- Major European Indices
CAD/JPY Breaks Down: Loonie Weakness and BOC Patience Set Bears’ Sights on 110
FxWirePro: EUR/AUD loses upside momentum but outlook is bullish 



