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Asian markets is trading mixed as US and China trade tensions linger.US markets Dow Jones and S&P500 was trading flat after a major recovery of more than 2% from low.Pound sterling stablises and jumped more than 100 pips from low of 1.27230 after a huge sell-off of more than 300 pips dip yesterday after resignation of Brexit Minister Raab .Chinese market shanghai is trading higher for past one week and is currently trading around 2685 0.22% higher.Nikkei is trading slightly higher and is currently trading around 21790 (0.60% higher).
USDJPY is has lost nearly 150 pips from high of 114.23. The near term major resistance is around 114.25 and any break above targets 114.55. It is currently trading around 112.74.
On the lower side, near term support is around 21400 and any break below targets 21000/20800.
The near term resistance is at aid 22000 and any break above targets 22400/22600.
It is good to sell on rallies around 22000 with SL around 22100 for the TP of 20800.
