• Nikkei225 has closed at two week high yesterday on account of weaker yen. The index jumped till 16914 and closed at 16904.It is currently trading around 16909.
   
• The index trades slightly above 16896 (200 - day MA) and it should close above 200 - day MA for further jump . 
    
• Short term trend is slightly bullish as long as the index not able to break below 16290 (61.8% retracement of 15894 and 16935). 
• On the lower side, any break below major intraday support 16620 (daily Kijun-Sen) and any break below 16620 will drag the pair 16400 (100-day MA)/16290.
• It is good to buy on dips around 16750 with SL 16600 for the TP of 17000/17300