- Nikkei has slightly declined after hitting 2- year high of 20319 on account weak oil prices and equities sell off. The index formed a minor bottom at 20064 on Wednesday . It is currently trading around 20124 0.03% lower..
- USD is consolidating around 111.77 and 110.95 for the past three trading session. The pair is facing strong resistance at 111.85 (100- MA) and any break above confirms bullish continuation.It is currently trading around 111.38.
- On the lower side, near term support is around 19880 (trend line joining 19277 and 19744) and any break below will drag the index down till 19669 (55- EMA)/19458 (89 EMA)/19277 (May 18th 2017 low).
- The near term resistance of Nikkei is around 20477 (161.8% retracement of 20019 and 19277) and break above will take the index to recent high of 20530 (161.8% retracement of 20220 and 19744)/20649 (161.8% retracement of 19698 and 18193).
- Short term bullish invalidation only below 19275
It is good to sell on rallies around 20150-20170 with SL around 20320 for the TP of 19458/19277.


FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: NZD/USD consolidates around 0 .5810,room for further gains
FxWirePro: EUR/NZD shows upside momentum, but bearish outlook remains
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD gives up early gains after UK GDP shock
FxWirePro- Major European Indices
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
Bitcoin Yawns at Fed Cut – Coiled Tight at $92K: $90K Hold = Straight Shot to $100K
FxWirePro: AUD/USD hovers near three –month high, scope for further upside
FxWirePro: GBP/USD dips on UK GDP data miss
FxWirePro: USD/CAD recovers slightly but trend is still bearish
NZDJPY Poised to Pop: Buy-the-Dip Setup Above Key 90 Support 



