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FxWirePro:Nikkei trades lower on Trumpcare faliure,good to sell on rallies

Major support - 18823 (100- day EMA).

Major resistance - 19300 (daily Kijun-Sen).

Nikkei declined sharply after hitting 19300 level on Friday on account of Trump healthcare setback. It is currently trading at 18977 1.27% lower.

Asian stock markets started with cautious note after Trump healthc failed to pass health care reform bill through a seemingly friendly Congress.

 USD/JPY  declined sharply after Trump healthcare flops and the pair breaks low formed on Friay. It is currently trading around 110.38.

• On the lower side , 18823 (100- day MA) and any break below will drag the index till 18650/18230.

•The major resistance is around 19200 (55- day EMA) and any break above will take the index till 19300 (daily Kijun-Sen)/19600/19698.

It is good to sell on rallies around 19000-19030 with SL around 19200 for the TP of 18800/18630.

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