- Pattern Formed- Ascending triangle pattern.
- Major resistance- 17000.
- Major support - 16350 (trend line joining 15088 and 15894).
- Nikkei225 has retreated once again after making a high of 16714. It is currently trading around 16474.
- The index is facing minor support at 16430 (daily Kijun-Sen) and any break below will confirm weakness. It should break below trend line support for further weakness.Any violation below 16350 will drag the index to next immediate support 16200/16000/15880.
- Short term trend is slightly bearish as long as the index not able to break the temporary top formed at 16935.
- On the higher side, any break above minor resistance 16800 will take the index to next level 17000/17158 (200 -day MA). Extreme bullishness can be seen if the index closes above 17158 (200 day MA).
It is good to sell on rallies around 16650-700 with SL 17000 for the TP of 16350/16200/16000.


FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
NZDJPY: Sell the Rallies as Bears Guard 90–91 Resistance Zone
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro: USD/JPY catches bid ahead of BoJ meeting
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro- Major Pair levels and bias summary
AUD/JPY Stalls Ahead of BOJ Decision: Sell on Rallies as Bearish Bias Holds Below 103.70
FxWirePro:GBP/NZD recovers ground after early dip, bias bullish
FxWirePro: GBP/USD climbs above 1.34 after BoE's relatively hawkish cut
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: NZD/USD dips as stronger U.S. dollar offsets NZ Q3 GDP surprise
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80
FxWirePro: GBP/AUD dive post-CPI short-lived as traders prepare for BoE decision 



