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FxWirePro: Nikkei225 faces major resistance around 17000, good to buy at d

  • Major resistance - 17000
     
  • The index has slightly recovered after making a low of 16569. It is currently  trading around 16664.Short term trend is bullish as long as support 16500 holds.
     
  • On the higher side the index is facing major resistance around 17000 any break above 17300 will take the index to next level till 17300/17520.
     
  • The index major support is around 16450 and break below targets 16000/15500.
     
  • Short term bullish invalidation only below 15500.

It is good to buy at dips around 16650 with SL around 16420 for the TP of 17000/17300

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