Nikkei gained sharply and surpassed the 39275 high made after BOJ hiked rates by 25 bpbs. It hit a high of 38826 at the time of writing and is currently trading around 38776.
Exporters mainly led the jump as the yen weakened 0.18% to 145.06.
The index holds above short-term 34 and 55 EMA and long-term moving averages (200- EMA) in the 4-hour chart.
The near-term resistance is around 39500, any violation above will take the index to 40000/40350/40800—an overall bullish continuation only above 42550.
On the lower side, immediate support stands around 38400, any breach below will drag the index down to 38000/37700—further bearishness only below 35000.
Indicator (4- hour chart)
CCI (14)- Bearish
CCI (50)- Bullish
Average directional movement Index - Neutral
It is good to buy on dips around 38400-450 with SL around 38000 for TP of 42000.


Pound Sterling Power: GBP/JPY Secures Third Day of Gains as Global Risk Tensions Recede
FxWirePro: GBP/NZD reverses course, bias back to downside
FxWirePro: GBP/AUD downtrend extends, eyes 1.8900 evel
FxWirePro: EUR/AUD falls below 1.6600 level, plunge to test a key fibo grows
FxWirePro- Major Pair levels and bias summary
Bitcoin Breaks the $70,000 Barrier: Bulls Target the $80,000 Horizon as Geopolitical Relief Ignites Crypto Markets
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus
FxWirePro: USD/ JPY slips as yen rallies after Mideast ceasefire declaration
FxWirePro- Major Crypto levels and bias summary
NZD/JPY Rockets as Kiwi Dollar Resilience Defies the Oil Shock
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY falls to three-year high, scope for further downside
FxWirePro: USD/ZAR slips sharply lower as US-Iran ceasefire lifts risk appetite
FxWirePro- Woodies Pivot(Major)
FxWirePro:NZD/USD jumps as RBNZ warns of higher OCR potential 



