Asian markets trading slightly higher following foot steps of US markets. US markets closed slightly higher on account of better than expected Q2 results. Almost more than 80% of companies in S&P500 posted better than expected corporate earnings. China China reacted to the recent trade tariff by imposing import tariff of $60 billion worth of U.S goods on Friday. Mr Trump threatened to apply tariffs to all $505 billion of Chinese imports. Chinese market halted its weakness and shown a minor of jump of more than 1%. It is currently trading around 2738. US market has closed slightly higher yesterday with Dow Jones at 25502 (0.16% higher) and S&P500 2850 (0.35% higher). USD/JPY which is the main indicator of geo political tension is trading slightly lower on rising trade war tension . US futures is trading flat with Dow Jones at 25533 (0.16% higher) and S&P500 2849 (0.07% higher). Nikkei is currently trading around 22605 0.15% higher as index heavy weight Softbank posted better than expected quarterly results.
USD/JPY is trading slightly lower after hitting high of 112.15 and is currently trading around 111.32 (0.06% lower).
On the lower side, index major support is around 22570 (55- day EMA) and any break below will drag the index down till 22370 (200- day MA)/22240/22000/21750.
The near term resistance is around 22650 and any convincing break above will take the index to next level till 22800/23050/23200.
It is good to buy on dips around 22350-400 with SL at 22150 for the TP of 23040.


FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro- Major Pair levels and bias summary
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro:EUR/AUD eases but bullish outlook persists
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 



