JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum 
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FxWirePro- Woodies pivot (Major) 
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption 
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FxWirePro: GBP/AUD gains some upside momentum but still bearish 
EUR/JPY Holds Bullish Bias as Euro Extends Recovery 
FxWirePro- Major Pair levels and bias summary 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity 
FxWirePro: USD/ CNY remains soft ahead of Fed decision 
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FxWirePro- Woodies pivot (Major) 
FxWirePro : GBP/NZD strongly bearish despite upside attempts 
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 - EconoTimes)
Ichimoku analysis (4-hour chart)
Tenken-Sen- 1.21175
Kijun-Sen- 1.21059
EURUSD recovered sharply after the ECB policy meeting. The central bank has kept its main refinancing operations at zero, marginal lending facility, and the deposit facility unchanged at 0.25% and -0.50%. ECB President Lagarde said that PPEP to be continued until the end of Mar 2022. We will monitor the exchange rate and its impact. The number of people who have filed for unemployment benefits has declined to 900K compared to a forecast of 900K. The US 10-year yield surged more than 3.5% after the data.
Technical:
On the higher side, near-term resistance at 1.21750. Any indicative violation above targets 1.2220/1.2260. The near term support is around 1.21150. Breach below will drag the pair down till 1.20700 (trend line support)/1.2050/1.200.
It is good to buy on dips around 1.2140 with SL around 1.2100 for the TP of 1.2260.
