Ichimoku Analysis (8-hour chart)
Tenken-Sen- 109.84
Kijun-Sen- 109.22
USDJPY has once again declined after showing a jump above 110 level. The spread of coronavirus across various countries has slightly increased demand for Safe-haven assets like yen, gold. According to health officials in China Hubei province, the total number of death increased by 242 to 1310, infected people rose to 14840 in Hubei alone.
Technically, immediate strong trend line resistance is at 110.15 and any close above will take the pair to next level till 111/112. The decline from 114.54 will get completed at 105.25 only if pair trades above 110.15.
On the flip side, near term support is at 109.60 (23.6% fib) and any indicative break below targets 109-109.12/108.30. Minor bearishness only below 108.30.
It is good to sell on rallies around 110 with SL around 110.20 for the TP of 109.25.


FxWirePro: EUR/AUD jumps as payrolls surprise fuels upside
NZDJPY Bulls Reload: Why 93.50 Is the Line in the Sand for a Run to 97
EURJPY Bearish Dent Intact: Sell the Relief Rally Toward 183/182 Support
AUDJPY Cracks Below 113: Bearish Breakdown Accelerates Toward 110.50 Target
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/USD softens as risk appetite abates
NZDJPY Bearish Reversal Intact: Triple EMA Stack Signals Sell-on-Rallies Play Toward 90.50
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD bulls gain momentum on hot U.S. Jobs data
FxWirePro: USD/ZAR erases early gains ,looking vulnerable
FxWirePro: GBP/NZD climbs as robust U.S. employment figures triggers renewed buying interest.
FxWirePro: AUD/USD holds narrow range, focus on near-term support
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/JPY on nervous hold around 160.00 



