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Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch 
Asian markets are trading weak especially Nikkei on stronger yen.The yen soared sharply and hits lowest level since Mar 2018 after Apple cuts its revenue forecast citing sluggish iPhone sales in China.US markets recovered sharply more than 2.5% and closed with Dow Jones at 23346 (0.08% higher) and S&P500 at 2510 .Shanghai is trading flat and is currently trading around 2464 (0.05% higher). Nikkei is trading slightly lower currently trading around 19405 (1.40% lower).
USDJPY is trading weak and lost more than 350 pips on increasing safe haven demand. The pair hits low of 104.74 and shown a good recovery of 200 pips . It is trading around 106.87.
On the lower side, near term support is around 19000 and any break below targets 18600/18000.
The near term resistance is at 19695 (200- W MA) and any break above targets 19950 (23.6% fib)/20500.
It is good to sell on rallies around 20000 with SL around 20525 for the TP of 19000.
