IRAN: Additional Detail on Trump’s Lack of Decision

• US equity indexes remain modestly weaker in SPX eminis and the Nasdaq after the FOMC widely expected steady rate announcement Wednesday, the DJIA underperforming (-.65%).
• A broad rise in crude prices (WTI near $107/bbl in late trade) contributing to weaker stocks on net.
• Health Care sector shares, particularly pharmaceutical related shares led midweek declines: GE HealthCare Technologies Inc, Insulet Corp and Regeneron Pharmaceuticals Inc trade -10.5-12.5%.
• Outside of drug makers, semiconductor maker Teradyne surprised with a -18% decline despite reporting better than expected earnings as well as positive forward guidance. Wires suggest concerns over AI-generated sales being able to continue to drive revenue for the sharp decline in Teradyne - but other chip makers managed to weather concerns:
• Super Micro Computer, Lam Research Corp, Teledyne Technologies, Palantir Technologies and NVIDIA Corp -2.25% to -3.75%.

Powell says re whether there is a growing sense on the FOMC that monetary policy isn't sufficiently restrictive: 

• "If we need to hike, we will, we will certainly signal that, and we will certainly do it. And if we need to cut, then if it's appropriate to cut, then we'll signal the opposite.. nobody's calling for a hike right now... amuch closer question this cycle on changing the guidance. But but, ultimately, we didn't"

• RES 4: 188.81 2.236 proj of the Mar 16 - 27 - 30 price swing  
• RES 3: 188.15 2.000 proj of the Mar 16 - 27 - 30 price swing
• RES 2: 188.00 Round number resistance
• RES 1: 187.95 High Apr 17 and the bull trigger
• PRICE: 187.26 @ 17:29 BST Apr 29
• SUP 1: 186.22 20-day EMA
• SUP 2: 185.02 50-day EMA
• SUP 3: 183.57 Low Apr 6 
• SUP 4: 182.59 Low Mar 30 

Bullish conditions in EURJPY remain intact and the recent pause appears to be a flag formation - a bullish continuation pattern. Recent gains resulted in a breach of 186.87, the Jan 23 high and a key medium-term hurdle. This confirmed a resumption of the uptrend. Sights are on 188.15, a Fibonacci projection. Initial firm support is 186.22, the 20-day EMA. It has been pierced, support at the 50-day EMA lies at 185.02.