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FxWirePro:Nikkei225 struggles to close below 16000, good to sell on rallies

Wednesday, August 3, 2016 2:19 AM UTC

Major Support -15945 (daily Kijun-Sen) .

Major resistance- 16380 (90 4H EMA
Nikkei225 has recovered after making a low of 15988 yesterday.It is currently trading around 16233.
The minor resistance is around 16380 (90 4H EMA ) any break above targets 16500/16800.It should break above 17200 (200 day MA) for major trend reversal.
On the lower side immediate support is around 15945 and any break below targets 15800/15500.

It is good to sell on rallies around 16300 with SL 16420 around 16800 for the TP of 16000.

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FxWirePro:Nikkei225 struggles to close below 16000, good to sell on rallies

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