Asian markets are trading weak on fresh tariff fears. US President Trump has threatened to impose 25% on $200 billion worth of Chinese imports. Chinese markets has lost more than 2% for the day and more than 5% from the high of 2912. US market has closed slightly lower with Dow Jones at 25333 (0.32% lower) and S&P500 2813 (0.10% lower). USD/JPY which is the main indicator of geo political tension is trading slightly lower on rising geopolitical tension . US futures is trading flat with Dow Jones at 25290 (0.23% lower) and S&P500 2807 (0.20% lower). Nikkei is currently trading around 22526 0.69% lower.
USD/JPY is trading slightly lower after hitting high of 112.15 and is currently trading around 111.54 (0.14% lower).
On the lower side, index major support is around 22386 (200- day MA) and any break below will drag the index down till 22270/22000/21750/21460.
The near term resistance is around 22800 and any convincing break above will take the index to next level till 23050/23200.
It is good to buy on dips around 22450-500 with SL at 22270 for the TP of 23040.


FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro- Major European Indices
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 



