Potential Reversal Zone (PRZ)- 39200
Nikkei surged more than 2% on weak yen and upbeat US jobs data. It hit a high of 39831 at the time of writing and is currently trading around 39526.
The yen lost its shine after positive jobs data decreased the chance of an aggressive rate cut by Fed.
The index holds above short-term 34 and 55 EMA and long-term moving averages (200- EMA) in 4-hour chart.
The near-term resistance is around 40000 any violation above will take the index to 40300/40500/40850/41000. Overall bullish continuation only above 42550.
On the lower side, immediate support stands around 39200, any breach below will drag the index down to 38800/38400/37800.Further bearishness only below 35000.
Indicator (4- hour chart)
CCI (50)- Bullish
Average directional movement Index - Bullish
It is good to buy on dips around 39000 with SL around 38400 for TP of 40800.


FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY bears maintain upper hand
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike
FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
FxWirePro: USD/JPY edges higher but bulls lack punch
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 



