FxWirePro: Nikkei225 retreats after making a high of 17307, good to buy at dips
Major resistance - 17200 The index has slightly retreated after making a high of 17307. It is currently trading around 17209.Short term trend is bullish as long as support 16750 holds. On the higher side the index is fac…
The index has slightly retreated after making a high of 17307. It is currently trading around 17209.Short term trend is bullish as long as support 16750 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 minor support is around 17000 and break below targets 16750/16500.
Short term bullish invalidation only below 16500.
It is good to buy at dips around 17050-17100 with SL around 16750 for the TP of 17520/17870
