• USD/JPY dipped on Wednesday as market optimism grew over a potential de-escalation of tensions in the Middle East.
• Investors were encouraged after Donald Trump signaled that U.S. military operations in Iran could conclude “very soon,” pointing to a potential timeline of two to three weeks.
• The yen rebounded from this year’s low of 160.46 per dollar, moving back above the key 160 level that had raised concerns of intervention by Japanese authorities.
• On the data front, the Bank of Japan's quarterly Tankan survey showed business sentiment among large Japanese manufacturers improved in the three months to March, though firms expect conditions to worsen in the next three months.
• Immediate resistance is located at 159.03(SMA 20), any close above will push the pair towards 160.26(23.6%fib).
• Support is seen at 157.76 (38.2%fib) and break below could take the pair towards 156.88(Lower BB ).
Recommendation: Good to sell around 159.80, with stop loss of 160.50 and target price of 159.20


GBPUSD, AUDUSD & NZDUSD Turn Extremely Bullish: Strong Positive Momentum Drives Major Pair Action Bias
FxWirePro- Major Crypto levels and bias summary
NZDJPY Extremely Bullish Above 94: Broad NZD Buying Fuels Fresh Upside – Buy Dips at 93.70 Targeting 95
FxWirePro: GBP/USD advance after softer US inflation dims Fed rate hike bets
AUDJPY Surges Above 112.50 on Aussie Momentum – Bullish EMAs Flash Green but Sell Rallies into 111.30
EUR/USD Holds Bullish Tone Despite Pullback from Yesterday’s High
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR downside pressure builds, key support level in focus
FxWirePro: NZD/USD steadies around 0.5830,retains bid tone
FxWirePro- Major Pair levels and bias summary
FxWirePro:EUR/NZD extends fall, key support lies ahead
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CAD falls after BoC rate hold and weak U.S. producer inflation
EUR/JPY Poised to Slide — Sell Rallies into 185.30 with Eye on 183"
FxWirePro: AUD/USD remains buoyant, looks to extend gains 



