FxWirePro: Nikkei225 breaks major support at 16420, good to buy at dips

Major support -16420 ( trend line joining 14770 and 15523)

• Major Resistance - 17200
   
• The index is consolidating between narrow range 16460-17164 for the past three trading session. It  is currently trading around 16707.
   
• The index is facing minor resistance around 16800 and any break above targets 17030/17200.
   
• On the lower side major support is around 16420 and break below targets around 16200/16000/15500.
   
• Short term weakness can be seen only below 15500.

It is good to buy at dips around 16600-650 with  SL around 16420 for the TP of 17000/17200