- Major support - 16400 (daily Kijun-Sen).
- Nikkei225 has slightly recovered after making a low of 16405 yesterday. It is currently trading around 16547.
- The index is facing major support at 16400 (daily Kijun-Sen) and any break below will drag the index till 16200/16035. It should break below 15800 (cloud bottom) further weakness.Any violation below 15800 will drag the index to next immediate support 15500/15300.
- Short term trend is slightly bearish as long as the index not able to close above psychological resistance 17000.
- On the higher side, any break above minor resistance 16800 will take the index to next level 17000/17158 (200 -day MA). Extreme bullishness can be seen if the index closes above 17168 (200 day MA).
It is good to sell on rallies around 16650-700 with SL 17000 for the TP of 16400/16200/16000.


FxWirePro: GBP/AUD dive post-CPI short-lived as traders prepare for BoE decision
FxWirePro- Major Crypto levels and bias summary
FxWirePro: NZD/USD dips as stronger U.S. dollar offsets NZ Q3 GDP surprise
NZDJPY: Sell the Rallies as Bears Guard 90–91 Resistance Zone
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: USD/JPY catches bid ahead of BoJ meeting
FxWirePro:GBP/NZD recovers ground after early dip, bias bullish
FxWirePro: USD/CAD recovers slightly but trend is still bearish
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro: EUR/NZD steadies ahead of ECB meeting
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro: USD/ZAR bears maintain upper hand 



