FxWirePro: Nikkei225 breaks major trend line , good to buy on dips

• Major resistance - 16420 (trend line joining 16930 and 17159).
   
• Nikkei225  has recovered sharply after declining till 17270 yesterday.It is currently trading around 17432.
   
• Technically index is trading above trend line , a jump till 17695 is possible. 
   
• On the higher side, resistance is around 17420 (trend line joining 16930 and 17159) and any break above targets 17695/18000.
   
• The major support is around 17277 (7- day EMA) and any break below targets 17145 (daily Tenken-Sen)/17000.

It is good to buy on dips around 17300 with SL 17145 for the TP of 17695/17800.