Nikkei surged above 38000 on upbeat market sentiment. It hit a high of 38012 at the time of writing and is currently trading around 37886.
BOJ kept its rates unchanged at 0.25% as expected. Governor Ueda said that the central bank is willing to hike rates if inflation remains on track.
The index holds below short-term 34 and above 55 EMA and below the long-term moving average (200- EMA) in the 4-hour chart.
The near-term resistance is around 38200, any violation above will take the index to 38695/39000. Overall bullish continuation only above 42550.
On the lower side, immediate support stands around 37240, any breach below will drag the index down to 36800/36360/36175/36000/35870.Further bearishness only below 35000.
Indicator (4- hour chart)
CCI (14)- Bullish
CCI (50)- Bullish
Average directional movement Index - Bullish
It is good to buy on dips around 37570-600 with SL around 37000 for TP of 39000.


FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup
FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro- Major Crypto levels and bias summary
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro- Major Crypto levels and bias summary
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
FxWirePro- Woodies pivot (Major)
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro: USD/CNY bears maintain upper hand
USD/CHF Smashes Higher to 0.7899 on Dollar Dominance—Bulls Bet on 0.7865 Dips for 0.8000 Breakout 



