Asian markets continues to trade weak following huge sell-off. US markets has closed slightly higher more than 1.5% on account of good earnings from Microsoft. US futures is trading slight weak after weak set of earnings from Apple and Aplhabet after market hours.Nikkei has lost more than 200 points from yesterday close of 21268. It is currently trading around 21004 (1.20% lower).
USDJPY is trading weak on stock market sell-off and lost more than 30 pips in today’s trading. The near term major support is around 111.50 and any break below targets 111/110.35. It is currently trading around 112.06.
On the lower side, near term support is around 20000 and any break below targets 20560/20350.
The near term resistance is at aid 21440 and any break above targets 21727/21000
It is good to sell on rallies around 21480-500 with SL around 21740 for the TP of 20560.
