Asian markets is trading higher especially with Nikkei jumped more than 1% on hopes of higher).
fresh trade talks between US and China and surprise sharp rate hike by Turkey has boosted lira. US Treasury secretary Steven Mnuchin has invited China officials to restart trade talks and China’s Ministry of Commerce Spoke person Gao has welcomed the inviation. Shanghai composite was trading slightly higher and is at 2688 (0.08% higher). US markets closed slightly higher especially NASDAQ (0.75% higher),Dow Jones at 26146 (0.57% higher) and S&P500 at 2904 (0.53% higher). US futures are currently trading flat with Dow Jones 26178 (0.16% higher) and S&P500 2905 (0.12% higher). Nikkei is trading around 23165 (0.70% higher).
USD/JPY is trading higher and any jump above 112.15 will confirm further bullishness. It is currently trading around 111.94 (0.02% higher).
On the lower side, index near term support is around 22669 and any break below will drag the index down till 22370/22100. The major long term support is around 21750.
The near term resistance is around 23200 and any convincing break above will take the pair to next level 23500/23768 (161.8% fib).
It is good to buy on dips around 22800 with SL at 22600 for the TP of 23500/23768.
