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.


Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
FxWirePro- Major Crypto levels and bias summary
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro: USD/ CNY hits one-month low,scope for futher downside
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD rises as soft US data pressures dollar
JPY Action Bias: EURJPY and CADJPY Emerge as Extremely Bullish Pairs to Watch
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision 



