• Major intraday resistance - 18870 (100- day MA). 
   
• Nikkei formed a minor bottom at 18500 and jumped slightly from that level.It is currently trading at 18702 0.24% low. The weakness in the Asian market mainly due to geopolitical risk.Concerns over geopolitical tension continues to bulid after US deployed a carrier strike group near to Korean peninsula .
   
• JPY gains against all major pairs and any break below 110 confirms minor weakness. The pair should break above 111.65 (21- day EMA) for minor jump till 112.20. It is currently trading around 110.70. 
   
• On the lower side , 18500 will be acting as major support for Nikkei and any break below will drag the index till 18325 ( 61.8% retracement of 16106 and 16698)/18000 . 
   
• The major resistance is around 18870 (100- day EMA ) and any break above will take the index till 19089 (100- day MA)/19200/19365 ( 61.8% retracement of 19669 and 18867). 
  
  It is good to buy on dips around 18550 with SL around 19325 for the TP of 19000/19085.