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FxWirePro- Major European Indices 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains 
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead 
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish 
FxWirePro: NZD/USD softens on Iran peace talk failure 
- Nikkei recovered more than 1% from yesterday low on account of weak yen. The yen declined sharply against all majors on easing geo political tensions. US markets Dow jones and S&P500 has closed flat around 0.01%. US futures also continuing its range bound trade and is trading with Dow jones at 24503 (0.2% higher) and S&P500 2672 (0.04% higher).It is currently trading around 22272 0.41% higher.
- USD/JPY is trading extremely bullish and jumped more than 100 pips in past two trading session. It is currently trading around 108.76.
- On the lower side, index major support is around 22140 (55- H EMA) and any break below will drag the index down till 21950 (200- H MA)/21697 (Apr 13th low).
- The near term resistance is around 22530 and any break above will take the index to next level till 22694 (61.8% fibo)/23000.
It is good to buy on dips around 21700-725 with SL at 21490 for the TP of 22500.
