FxWirePro: Nikkei225 faces strong support at 16500, good to buy at dips

• Major resistance - 17300
   
• The index has once again retreated after making a high of 17236 yesterday. It is currently  trading around 16718.Short term trend is bullish as long as support 16500 holds.
   
• On the higher side the index is facing minor resistance around 17300 any break above 17300 will take the index to next level till 17520/17870.
   
• The index major support is around 16500 and break below targets 16000/15500.
   
• Short term bullish invalidation only below 15500.

It is good to buy at dips around 16700 with SL around 16500 for the TP of 17300/17520/17870