- Pattern Formed- Bearish Gartley pattern.
- Potential Reversal Zone (PRZ) - 16920
- The index has formed Bearish Gartley pattern in hourly chart and it is good to sell on rallies. Nikkei225 has once again retreated after jumping till 16852 at the time of writing.
- It is currently trading around 16804.Short term trend is slightly weak as long as resistance 17000 holds.
- On the higher side , the index is facing resistance around 17000 and any break above targets 17159/17300 in the short term.
- Nikkei's minor support is around 16725 (daily Kijun-sen) and nay break below will drag the index down till 16594 (200- HMA)/16500.
It is good to sell on rallies around 16850-16900 with SL around 17000 for the TP of 16515


BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro- Major Pair levels and bias summary
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro- Major European Indices
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: GBP/USD dips lower on negative UK retail sales data 



