FxWirePro: ASX200 upside capped by 5- day MA, good to sell on rallies

• Major support - 5150 (Sep 13th 2016 low)
   
• Minor intraday resistance - 5220 (55-H EMA)
   
• The index retreated slightly after jumping till 5235 yesterday. It is currently trading around 5181.
   
• ASX200 faces minor resistance at 55- H EMA and it should close above that level for minor jump till 5265/5300 .
   
• On the higher side, resistance is  at 5265 (5- day MA) and any break above 5265 targets 5300/5325 (daily Tenken-Sen). The index should break above 5505 for further jump till 5625.
   
• The minor support is around 5150 and any break below targets 5100/5000 in the short term.

It is good to sell on rallies around 5200-5210 with SL around 5245 for the TP of 5152/5100