- Pattern Formed-Inverse Head and shoulder
- Major resistance - 17300
- The index has broken neckline around 16800 and jumped till 17250 at the time of writing .It is currently trading around 17237.Short term trend is slightly bullish as long as support 16500 (55 day 4H EMA) holds.
- The index major resistance is around 17300 and any break above will take the index to next level 17600/17878 (29th Jan 2016)
- On the lower side major support is around 16500 and break below will drag the index down till 16200(Daily Kijun-Sen)/16000/15800 (cloud top) in short term.
- Short term weakness can be seen only below 15000.
It is good to buy at dips around 16900 with SL around 16500 for the TP of 17600/17878.


EURUSD Flat Amid Middle East Tension – Bullish Dip Buy Eyes 1.1660
FxWirePro: USD/ZAR edges higher after weak SA jobs and manufacturing data
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD hits two-month low as oil prices rise
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD gains above 1.3500 ahead of key U.S. and UK data
FxWirePro: GBP/AUD edges higher but bulls lack punch
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
JPY Currency Scoreboard: USDJPY and NZDJPY Emerge as Top Bullish Pairs to Watch
Currency Score Major Pair: Extremely Bullish GBPUSD, AUDUSD & NZDUSD – Key Levels to Watch
FxWirePro:' USD/CAD faces downside risk below 1.4000
Major Pair Currency Score: GBPUSD and AUDUSD Extremely Bullish, NZDUSD Bullish
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
FxWirePro: GBP/NZD gains some upside momentum, but outlook is bearish 



