FxWirePro: USD/ZAR trades in narrow range as Middle East tensions fester 
FxWirePro: USD/JPY edges higher as yen weakens on BOJ policy uncertainty 
FxWirePro: USD/JPY edges higher as dollar recovers some lost ground 
FxWirePro: AUD/USD softens as Iran rejects US peace talks 
Aussie vs. Yen: AUDJPY Holds Critical Support Amid Minor Retracement 
FxWirePro- Major European Indices 
FxWirePro: GBP/USD recovers from early dip but upside is limited 
Yen Under Siege: NZDJPY Bulls Eye 96.00 Amid Broad Japanese Weakness 
Aussie Retreat: AUDJPY Sees Minor Profit-Taking After Touching Multi-Year Peak 
FxWirePro: NZD/USD recovers majority of early losses 
FxWirePro- Major Pair levels and bias summary 
Euro Under Pressure: EURUSD Retreats Amid Escalating Middle East Tensions 
FxWirePro: EUR/ NZD gains some upside momentum but still bearish 
FxWirePro- Major European Indices 
FxWirePro: USD/CAD dips as weaker dollar gives bears some traction 
FxWirePro: USD/CNY edges lower, set to stay on back foot 
- Cable has declined sharply after hitting a high of 1.42167 yesterday. The pair declined almost 140 pips from the high. The decline was mainly due to uncertainty of rate hike by BOE in May meeting. The pair hits low of 1.40760 and is currently trading around 1.41185.
- The Bank of England has voted 7-2 to leave interest rates unchanged at 0.5%. The members were positive over the economic outlook and wage growth also in line with expectations. Market already priced the chance of 25bpbs rate hike in May.
- Technically on the lower side, near term support is around 1.4070 and any break below will drag the pair down till 1.4020/1.3980/1.3930. Major weakness can been only below 1.3700.
- The near term resistance is around 1.4150 and break above will take the pair till 1.4145. The pair should break above 1.4070 for further upside.
It is good to sell on rallies around 1.4125-28 with SL around 1.4160 for the TP of 1.4020/1.4000.
