Major resistance- 20708 (5- day MA)
Nikkei recovered more than 700 points following the footsteps of Wall Street but appreciating yen is putting pressure on the index at higher levels. The stock market sell-off was mainly due to US-China trade war tension and the Yuan devaluation. The Chinese central bank has set its daily currency rate at 6.9996 per dollar slightly weaker than expected. It hits intraday low of 20373 and is currently trading around 20480.
USDJPY is trading weak after a minor recovery of 150 pips and any break below 105.50 will drag the pair to the next level till 104.60.
On the flipside, 19700 will be acting as major support and any violation below will drag the index down till 19245/18900.
The near term resistance is around 20708 and any break above will take the index till 20915 (7- day MA)/21195.
It is good to sell on rallies around 20710-730 with SL around 21000 for the TP of 20000.


FxWirePro:NZD/USD jumps as RBNZ warns of higher OCR potential
FxWirePro- Major Pair levels and bias summary
Pound Sterling Power: GBP/JPY Secures Third Day of Gains as Global Risk Tensions Recede
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD falls below 1.6600 level, plunge to test a key fibo grows
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/USD stuck in range but maintains bearish bias
FxWirePro: USD/CNY falls to three-year high, scope for further downside
Bitcoin Breaks the $70,000 Barrier: Bulls Target the $80,000 Horizon as Geopolitical Relief Ignites Crypto Markets
Bitcoin's Tug-of-War: Bulls Eye 80,000 USD Despite Turbulent ETF Outflows
FxWirePro: GBP/NZD reverses course, bias back to downside
FxWirePro: USD/ZAR continues to recovers , upside pressure builds
Euro Ascendant: EUR/USD Breaks $1.17 as Geopolitical Relief Sparks a Bullish Surge
EUR/JPY Breaks Out: Euro Surges Past 185.00 Resistance Amid Strong Bullish Momentum
NZD/JPY Rockets as Kiwi Dollar Resilience Defies the Oil Shock 



