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FxWirePro: Nikkei225 recovers after making a low of 16013, good to sell on rallies

  • Major Support - 16000
     
  • The index has made a low of 16013 at the time of writing and slightly recovered from that level.It  is currently  trading around 16158.Short term trend is bearish as long as resistance 16570 (7 W EMA) holds.
     
  • Any break below 16000 will drag the index down till 15500/15250 in short term.On the higher side major resistance is around 16600 any break above will take the index to next level till 17000/17300.
     
  • The index major resistance is around 16325 and break above targets 16500.
     
  • Short term bearish invalidation only above 17300.

 It is good to sell on rallies around 16350-16400 with SL around 16600 for the TP of 16000/15560.

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2017-03-23 08:00:49
0m

March 23 07:45 UTC Released

FRBusiness Climate

Actual

104 %

Forecast

107 %

Previous

107 %

March 23 07:00 UTC Released

TRConsumer Confidence*

Actual

67.8 %

Forecast

Previous

65.70 %

March 23 09:30 UTC 7474m

GBRetail Sales MM

Actual

Forecast

0.4 %

Previous

-0.3 %

March 23 09:30 UTC 7474m

GBRetail Sales Ex-Fuel MM

Actual

Forecast

0.4 %

Previous

-0.2 %

March 23 09:30 UTC 7474m

GBRetail Sales YY

Actual

Forecast

2.6 %

Previous

1.5 %

March 23 09:30 UTC 7474m

GBRetail Sales Ex-Fuel YY

Actual

Forecast

3.1 %

Previous

2.6 %

March 23 11:00 UTC 164164m

GBCBI Distributive Trades

Actual

Forecast

5 %

Previous

9 %

March 23 12:30 UTC 254254m

USJobless Claims 4-Wk Avg

Actual

Forecast

Previous

237.25 k

March 23 12:30 UTC 254254m

USInitial Jobless Claims

Actual

Forecast

240 k

Previous

241 k

March 23 12:30 UTC 254254m

USContinued Jobless Claims*

Actual

Forecast

2.035 mln

Previous

2.030 mln

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