Nikkei breaks major support 15790, targets 15000
Wednesday, February 10, 2016 3:05 AM UTC
- Nikkei breaks major support around 15798 (Jan 2016 low) and declined till 15623 at the time of writing. It is currently trading around 15700. Short term trend is weak as long as resistance 16400 holds.
- Any break above 16400 will take the pair to next level 17000/17300. On the lower side support is around 15600 and break below targets 15000/14800.
- Overall bearish invalidation only above 17100 (7 W EMA).
It is good to sell on rallies around 16050-16100 with SL around 16400 for the TP of 15600/15200
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