• Nikkei225 has broken psychological resistance at 17000 and jumped till 17061 yesterday on account of weaker yen.It is currently trading around 16856.
   
• The index is facing strong resistance at 17074 (90-W EMA) and any break above confirms further bullishness , a jump till 17300/17500 can be seen. 
    
• Short term trend is slightly bullish as long as the index not able to break below 16477 (daily Kijun-Sen). 
   
• On the lower side, any break below major intraday support 16745 (9-day EMA) and any break below 16745 will drag the pair  till 16600/16477.
  
  It is good to sell on rallies around 16935 with SL 17074 for the TP of 16610/16477