- Major support - 16,250 ( 50% retracement of 1770 and 14770)
- Nikkei Index has recovered till 16685 after making a low of 17256. It is currently around 16612.
- Short term trend is slightly weak as long as resistance 17000 holds.
- The index major resistance is around 16690 (55 day EMA) an any break above will take the index to next level 17000/17250.
- On the lower side major support is around 16,250 (50% retracement of 14770 and 17770) and break below targets till 16,000/15,800 in short term.The minor support is around 16420.
- Short term trend reversal can be seen only below 15,000.
It is good to buy at dips around 16400-450 with SL around 16250 for the TP of 16700/1700


GBPJPY Consolidates Above 215 on Bullish Momentum: Buy Dips Toward 217
FxWirePro: GBP/NZD gains some upside momentum, but outlook is bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro:' USD/CAD faces downside risk below 1.4000
FxWirePro: AUD/USD eases as investors switch focus to RBA
NZDJPY Bullish Above 93 as Yen Stumbles – Buy Signal Triggers at 93.50
FxWirePro: AUD/USD range bound ahead of RBA policy decision
JPY Currency Scoreboard: USDJPY and NZDJPY Emerge as Top Bullish Pairs to Watch
FxWirePro: GBP/USD gains above 1.3500 ahead of key U.S. and UK data
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
FxWirePro: USD/JPY advances as traders test Japan's intervention resolve
AUDJPY Rebounds on Yen Weakness – Bullish Buy Setup Above 112 Targets 115
FxWirePro : EUR/NZD slips lower after soft US jobs report
FxWirePro: GBP/AUD under pressure after disappointing U.S. employment data
FxWirePro: USD/CNY hovers near 3-1/2-year low ahead of U.S. data
FxWirePro: EUR/AUD bears maintain upper hand 



