- Major Support -15990 (200 4H MA)
- Major resistance- 16586 (4H Kijun-Sen)
- Nikkei225 has broken major resistance 16586 and and jumped till 16605 at the time of writing .It is currently trading around 16354.
- The yen retreats from the high of 103.99 on expectations of significant monetary stimulus by the Bank of Japan On Friday.
- The break above 16586 indicates minor bullishness , a jump till 16800/17000 is possible.It should break above 17000 for further bullishness.
- On the lower side immediate support is around 16345 (90 4H EMA) and any break below targets 16200/16000.
It is good to buy on dips around 16500 with SL around 16250 for the TP of 16800/16950.
