Asian markets are trading weak failing to follow wall street gains.US markets recovered slightly after declining more than 400 points. Global markets has declined sharply on Turkish turmoil. Turkish lira has recovered slightly from life time low after a huge sell--off. The yen declined more than 100 pips from the low of 110.11.US markets closed slightly higher with Dow Jones 25299 (0.45% higher) and S&P500 2839 (0.64% higher).Shanghai has started to decline after showing a minor recovery till 2806. The index lost more than 1.4% and is currently trading around 2741. USD/JPY which is the main indicator of geo political tension is trading slightly higher after huge decline. US futures is trading flat with Dow Jones at 25256 (0.26% lower) and S&P500 2833 (0.21% lower). Nikkei is currently trading around 21155 0.92% lower.
USD/JPY has gained more than 100 pips from the low of 110.11.It is currently trading around 111.25 (0.09% higher).
On the lower side, index major support is around 21750 and any break below will drag the index down till 21460/21200.
The near term resistance is around 22386 (200- day MA) and any convincing break above will take the index to next level till 22438 (10- day MA)/22800/23040.
It is good to sell on rallies around 22200-250 with SL at 22435 for the TP of 21760/21500.


FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major European Indices
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro:EUR/AUD eases but bullish outlook persists
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact 



