Asian markets are trading weak especially Nikkei declined slightly as US filed criminal charges against China’s Huawei.US markets has closed weak with Dow Jones 24528 (0.84% lower) and S&P500 2643 (0.78% lower) after weaker set of earnings from Caterpillar and Nvidia. Chinese Shanghai composite is trading slightly lower and is currently trading around 2583 (0.50% higher). Markets eye US Fed meeting and progress in US-China trade talks for further upside. USDJPY has once declined after hitting high of 109.95 and any break above 110 confirms further bullishness.It is currently trading around 109.21.
On the lower side, near term support is around 20500 and any break below targets 20200/20000.
The near term resistance is at 21000 and any break above targets 21387/21573.
It is good to buy on dips around 20400-450 with SL around 20200 for the TP of 21380.
