• Nikkei has broken major resistance at 20319 high Jun 20th 2017 and jumped till 20347. The pair is trading high on account of weak yen and higher global equities. The index has closed well above 20000 and it is trading around 20287 0.08% higher.
   
• USD/JPY has broken major resistance of 111.75 (233- day MA) and jumped till 111.88. Any convincing break above 111.76 (233- day MA) will take the pair to next level till 112/113.It is currently trading around 111.51. Short term support is around 107.30 and any break below targets 106.
   
• On the lower side, index major support is around 19840 (100- day MA) and any break below will drag the index down till 19598 (20- day MA)/19425 (61.8% retracement of 19144 and 19899)/19250 (233- day MA)/19144.
   
• The near term resistance of Nikkei is around 20319 (Jun 20th 2017) and break above will take the index to 20500/20905. 
  
  It is good to buy on dips around 20000 with SL around 19850 for the TP of 20319/20550