• Nikkei trades higher after first round elections in French. Centrist candidate Macron won 23.7% of the votes in the first round compared to 21.7% by Le Pen.The index is trading trading above 100- day EMA and is currently trading around 18863 1.4% higher.
   
• USD/JPY broken major resistance at 110 and jumped till 110.51. The pair jumped from the low of 108.13. It is currently trading around 110.06.
   
• On the lower side ,near term support is around 18750 (21- day EMA) and any break below targets 18325 ( 61.8%  retracement of 16106 and 16698) /1800/17800 is possible. 
   
• The major resistance is around 19105 (61.8% retracement of 19668 and 18197) and any break above will take the index till  19341/19668 9Mar 2nd 2017 high).
  
  It is good to buy on dips around 18700-18725 with SL around 18500 for the TP of 19340/19665.