Asian markets trades lower following footsteps of Wallstreet. US markets has closed weak especially NASDAQ declined more than 2%.US futures is trading flat with Dow at 24766 (0.04% lower) and S&P500 2668 (0.08% lower).Chines markets shanghai has lost more than 1% in today’s trade. The index has lost more tahn 60 points from high of 2626. Nikkei has recovered more than 3% from low of 20795. It is currently trading around 21290 (0.17% lower).
USDJPY is trading weak on stock market sell-off and lost more than 100 pips on Friday and shown a minor recovery. The near term major support is around 111.17 (trend line support) and any break below targets 111/110.35. It is currently trading around 111.88.
On the lower side, near term support is around 20790 and any break below targets 20560/20350.
The near term resistance is at aid 21440 and any break above targets 21727/21000
It is good to sell on rallies around 21480-500 with SL around 21740 for the TP of 20560.
