• Nikkei hits 20000 level yesterday and has shown a minor decline from that level. The index has gained almost 8.5% from the low made on Apr 14th 2017.It is curretly trading around 19886 0.39% lower.
   
• USD/JPY has formed a minor top around 114.32 and declined slightly from that level.Short term trend is slightly bullish and is expected to reach 115.50.Any further bullishness.It is currently trading around 113.78.
   
• On the  the lower side ,near term support is around 19585 (23.6% retracement of 18193 and 20019) and any break below targets 19278 (21-EMA)/ 19106 (daily Kijun-Sen) is possible. 
   
• The major resistance is around 20000 and any break above will take the index till 20180/20470.
   
• In daily chart Nikkei has formed bearish divergence in RSI and MACD , a slight decline till 19500/19300 likely.
  
  It is good to sell on rallies around 19880-19900 with SL around 20050 for the TP of 19585/19300.