Asian markets trading at 1-month high especially Nikkei jumps more than 2% on strong Wall Street after post US mid term election. US midterm elections results shows a sight setback for Donald Trump as Democrats won House and Republican retained Senate. US markets closed higher with Dow Jones more than 2% .US futures is trading slightly lower with Dow at 26196 (0.12% lower) and S&P500 2814 (0.09% lower).Chinese market shanghai continues to trade slightly higher and jumped more than nearly 0.5% higher and is trading around 2657 0.61% higher.Nikkei has jumped more than 500 points yesterday from low of 21999 . It is currently trading around 22525 (0.02% higher).
USDJPY has jumped than 60 pip from low of 112.94. The near term major resistance is around 114 and any break above targets 114.55. It is currently trading around 113.68.
On the lower side, near term support is around 22380 (20- day MA) and any break below targets 21999/21800 (200- day MA).
The near term resistance is at aid 22600 and any break above targets 23000/23280..
It is good to buy on dips around 22350-380 with SL around 22180 for the TP of 22800/23000.
