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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 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

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