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Minor Support - 18152 (10- day MA).
•Nikkei225 has snapped the continuous winning streak on account of weak dollar and lower oil prices. It is currently trading at 18309 0.18% higher.
The Japanese yen is trading slightly higher after jump till 113.89. The pair is currently trading around
•Technically index is slightly bullish as long as support 18150 (10- day MA) holds.
•On the higher side, major resistance is around 18500 and any break above targets 18800/19000 in the short term.
•The index immediate support is at 18150 (10- day MA) and any break below will drag the index down till 17645(21 day MA) in the short term.
•The index should break below 16800 for further weakness.
It is good to buy on dips around 18150-180 with SL 18000 for the TP of 18500/18780.
