Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/CNY bears maintain upper hand 
FxWirePro: USD/ZAR sell bias remains below key resistance zone 
USD/CHF Smashes Higher to 0.7899 on Dollar Dominance—Bulls Bet on 0.7865 Dips for 0.8000 Breakout 
FxWirePro: GBP/USD recovers some ground but bears are not done yet 
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal 
FxWirePro- Major Crypto levels and bias summary 
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike 
FxWirePro: EUR/AUD downward momentum remains in place 
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
FxWirePro- Major Pair levels and bias summary 
WTI crude oil showed a minor pullback from a minor bottom of $84.02. It hit a high of $86.10 yesterday and is currently trading at $84.98.
Iran attacked Israel using 300 drones and missiles in retaliation. Previously, on Apr 1st, 2024, Israel bombed Iran’s consulate in Damascus. Markets await Israel's response to Iran's attack. Israel Army spokesperson Daniel Hagari said Israel would respond "at the time we choose".
Major factors for crude oil price movement-
US dollar index (Bullish)- negative for Crude. Major resistance - 105.20/106. Major support- 103.80/103.
Geopolitical tension- Escalation of tension between Israel and Iran (Positive for crude)
Ichimoku analysis (4- hour chart)
Tenken-Sen- $85.08
Kijun-Sen- $85.81
The immediate resistance is around $86.60. Any jump above targets $87.20/$88.25/$90. On the lower side, near-term support is around $85.60. Any breach below will drag the commodity down to $85/$84.50/$84/$83.20.
It is good to buy on dips around $85 with SL around $84 for a TP of $87.20.
