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NZDJPY Bullish Above 93 as Yen Stumbles – Buy Signal Triggers at 93.50 
- Major support – 14770 (Feb 2nd 2016)
- Major resistance- 15500 (200 W MA)
- Nikkei225 has slightly recovered after making a low of 14825. It is currently trading around 15153.
- The Nikkei225 index is expected to decline further and decline till 13825/13000 is possible as long as it closes below 15500.
- On the lower side immediate support is around 14770 (Feb 2016 low) and any break below targets 14250/13800/13300/12800.
- The Nikkei225 is facing resistance around 15500 and any break above targets 15900/16300/16500.
It is good to sell on rallies around 15450-15500 with SL around 16000 for the TP of 14770/13825
