Asian markets are trading lower especially Nikkei lost more than 1% as news circulating that Japan’s auto industry will be next target for Donald Trump.The index decline was mainly led by chip equipment makers and export related companies especially auto makers. US markets has closed mixed with Dow Jones 25955 (0.20% higher) and S&P500 2878 (0.37% lower) and NASDAQ 7923 (0.90% lower). US futures are currently trading slightly lower with Dow Jones 25966 (0.02% lower) and S&P500 2896 (0.07% lower). Nikkei is trading around 22480 (0.12% higher).
USD/JPY has lost more than 125 pips from the high of 111.75 and is currently trading around 110.52 (0.19% lower).
On the lower side, index near term support is around 22100 and any break below will drag the index down till 22000. The major long term support is around 21750.
The near term resistance is around 22370 and any convincing break above will take the index to next level till 22542/22800.
It is good to sell on rallies around 22275-300 with SL at 22500 for the TP of 22100.


FxWirePro: GBP/NZD downside pressure builds, key support level in focus
FxWirePro: USD/JPY gains capped as intervention fears keep traders on edge
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro: NZD/USD turns lower as USD regains footing
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY edges higher, outlook bearish
AUDJPY Bears Tighten Grip: Sell Rallies at 110.65-67 Targeting 107.75 as All EMAs Stay Red
Gold Retreats as Geopolitical Fears Ease: Bears Target $4,000 Support
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
DAX & CAC40 Score Perfect 100 Trend, FTSE100 Lags at 85 – Key Levels to Watch on the Perfect Scorers
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
Chart of the Day: BTC Double Bottom Ignites — Buy Above $64,050 for $67K–$70K Blast-Off
FxWirePro: GBP/AUD bears maintain upper hand 



