- Major support - 16,680 (200 day 4H MA)
- Nikkei Index has snapped 5 day winning streak on account of stronger yen. It has declined 1.29% today at the time of writing. and currently trading around 16629.
- A stronger yen is generally seen negative for Japanese exporters.
- Short term trend is slightly weak as long as resistance 17256 holds.
- The index major resistance is around 17,250 and any break above will take the index to next level 17,300/ 17,525.
- On the lower side major support is around 16,680 (200 day 4 H MA) and break below targets till 16,410/16,200/16,000/15,800 in short term.The minor support is around 16,900 (100 day EMA)
- Short term trend reversal can be seen only below 15,000.
It is good to sell on rallies around 16850-16900 with SL around 1725 for the TP of 16400/16250


FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/USD bulls remain cautiously optimistic
FxWirePro- Major Pair levels and bias summary
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
FxWirePro: USD/ZAR edges lower ,investors remain on edge
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD under pressure as key support gives way
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/USD biased higher but rally currently stretched
FxWirePro: USD/CAD extends decline on broad dollar weakness
FxWirePro: GBP/AUD gains some upside momentum but still bearish 



